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BLOG: When is VAT due or paid? The CJEU’s judgment in Case C-156/20 Zipvit v HMRC clarifies that, for the purposes of Article 168(a) of the Principal VAT Directive, VAT is neither “due” nor “paid” (and, therefore, no input tax is recoverable) where the recipient of ... The Space Law Review – 3rd edition – Taxation chapter Taxation chapter by Tom Gilliver surveying the conceptual framework relevant to the direct taxation of space companies Taxation chapter by Tom Gilliver surveying the conceptual framework relevant to the direct taxation of space companies  For compa... First competition case in Hong Kong involving alleged obstruction of investigation On 14 December 2021 the Hong Kong Competition Commission (Commission) commenced proceedings against Hong Kong Commercial Cleaning Services Limited (HKC) and Man Shun Hong Kong & Kln Cleaning Company Limited (MS) in the Competition Tribunal. Consistent... The UK Energy and Infrastructure Market: Reviewing 2021 and What’s to Come in 2022 To describe the pace of change in 2021 as dizzying is an understatement. Whilst changes to laws and policy in the UK energy and infrastructure sectors have been shaped by global issues such as decarbonisation, innovation, protectionism and resource scarci... BLOG: Full steam ahead for the UK’s implementation of the global minimum tax rules When is the best time to consult on the UK’s implementation of the OECD/IF GloBE model rules published on 20 December 2021 with the aim of requiring large multinational groups to pay a minimum 15% level of tax in each jurisdiction in which they ... Pensions Bulletin - December 2021 DC charge cap; DB superfunds; investment oversight duties; Private Members’ Bill on GMP conversion; consultation on Collective Money Purchase Schemes Regulations; recovery method for overpayments In this month’s Pensions Bulletin we cover: ... Overseas Issuer Listing Regime Update A summary of the key changes under the new HKEX regime for overseas issuers intended to streamline the regulations and facilitate listing by overseas issuers on HKEX. The new regime came into effect in January 2022. On 19 November 2021, The Stock Exchang... Insurance Outlook 2022 In this Insurance Outlook we look ahead to legal and regulatory developments likely to be of interest to insurers over the next 12 months, focussing on; changes to the prudential regime, recovery and resolution, climate change, the new consumer duty of ca... Right to terminate without cause prevails over the implied duty of mutual trust and confidence between employer and employee In Lam Siu Wai v Equal Opportunities Commission, the Court of First Instance affirmed that the common law implied duty of mutual trust and confidence (Duty) was concerned with the preservation of the continued relationship between employer and employee, a... A year of new frontiers: The 6th year of antitrust enforcement in Hong Kong Despite the continued challenges posed by the COVID-19 pandemic, the past year has been a year of progress and robust competition enforcement in Hong Kong. We saw developments across the board, including the first abuse of substantial market power case, a...