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Cross-border recovery of tax debts through set-off If one Member State requests assistance from another Member State in respect of the recovery of a debt under the Mutual Assistance Recovery Directive (MARD), the requesting state’s claim is treated is if it was a claim of the requested state. In Pan... Tax and the City Review for June 2020 Mike Lane and Zoe Andrews consider the Supreme Court decision in Fowler on tax treaty interpretation; and the Court of Appeal decisions in NCL Investments and Smith & Williamson and Investec. The Advocate General opinion on the “insurance transa... UK amongst those delaying DAC6 reporting deadlines Rumours about a delay to the DAC6 filing dates have been tantalisingly rumbling on for a while now, as the commencement date of 1 July 2020 looms closer. A whole new world? The European Commission's proposed framework for the modern economy The European Commission is consulting on new rules to update competition law for the modern economy. For digital platforms this could mean new safety rules for online goods and content as well as ex ante regulation targeting “very large” platf... Sainsbury's v MasterCard - Supreme Court liberalises rules on pass-on when assessing competition damages Briefing on the Supreme Court's much-anticipated judgment in Sainsbury's v MasterCard in which the Supreme Court liberalised the pass-on rules when assessing competition damages. Last week, the Supreme Court handed down its much-anticipated judgm... A sense of déjà vu: VAT cuts as a fiscal response to the COVID-19 crisis It was reported that the UK Treasury is considering temporarily cutting VAT rates in a bid to boost consumer confidence. In doing so, it would follow in the footsteps of other European countries, such as Germany, which announced at the start of June ... New powers for the UK to intervene in M&A transactions The UK Government yesterday tabled new powers that will allow ministers to screen certain transactions, in order to guard against “hostile approaches” during the COVID-19 pandemic. The new powers are intended to mitigate risks in the short ter... Digital Services Taxes: How “rough and ready” could become the new normal The UK’s Digital Services Tax (“DST”), which is a 2% levy on certain revenues derived from search engines, social media services and online marketplaces, is set to apply with effect from 1 April 2020, with the first payments being due in... Football's summer 2020 transfer window - a return of the swap deal? This briefing considers how COVID-19 will affect football's summer 2020 transfer window, and in particular whether it will lead to more "swap" deals. Against the backdrop of the significant impact of COVID-19 on the economy, football financ... Part XIVA disclosure obligations: Trading suspensions and post-suspension events cannot be disregarded This client briefing analyses the Hong Kong Court of Appeal’s recent decision in the Mayer Holdings case. The Hong Kong Court of Appeal (CA) has recently clarified the correct approach when determining whether information is likely to materially af...