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Partial enquiry notices – thumbs up or thumbs down? “Mind the pennies and the pounds will look after themselves” is something my grandmother often said to me in days when pocket money was still dished out in shiny coins!  It seems HMRC has taken heed of this advice, too, in its pursuit of the large proport... How do you value an APA after the Court of Appeal's decision in Refinitiv? Transfer pricing experts are used to grappling with some tricky valuation questions when it comes to intellectual property rights.  After all, to quote (butcher?) the old Ronseal adverts, “hard to value intangibles” do exactly what it says on the tin! But... Who has won the MAP awards? Dispute prevention and resolution is a key theme of the OECD’s annual “Tax Certainty Day”. The 2024 edition took place in Athens on 15 November 2024. Mutual agreement procedure (MAP) and advance pricing agreement (APA) statistics were published, and award... DMCC Act seeks to make consumer protection fit for the digital age The UK Digital Markets, Competition and Consumers Act 2024 (DMCC Act) received Royal Assent on 24 May 2024, bringing in long-anticipated reforms to UK competition and consumer protection laws which are aimed at forging a UK regulatory framework fit for th... Ofcom open letter clarifies how Online Safety Act will apply to GenAI On 8 November, Ofcom published an open letter to online service providers clarifying how the UK’s Online Safety Act (‘OSA’) will apply to generative AI and chatbots, following a number of concerning cases of their use. As a brief reminder, the OSA has wit... AI Regulation Update: New EU Product Liability Directive Approved by Commission AI regulation in the EU was never just about the EU AI Act – the AI Act was part of a package that included a new AI Liability Directive and an updated Product Liability Directive . While the future of the former is unclear, the latter was approved by the... AI in recruitment: ICO publishes recommendations The Information Commissioner’s Office (ICO) has published the outcomes from a number of consensual audits it conducted on the use of AI tools in recruitment in its audit outcomes report (Report). The ICO concluded that there were “considerable areas for i... Who’s responsible for what? EDPB’s opinion on the responsibilities of controllers and processors The European Data Protection Board (EDPB) has adopted an Opinion on the split of controller and processor responsibilities and the implications for their contractual arrangements. This reflects, in the main, a one-size-fits-all approach, with the requirem... Borders of Smoke and Steel: The UK CBAM Consultation Response In a world where borders are often seen as barriers, greenhouse gases remain unconfined, drifting across seas and skies, untethered to nations or geographies. The United Kingdom is now primed to erect a new type of border: motivated not by exclusion, but ... New winds blowing: Bank of England publishes speech on AI and financial stability Last week the Bank of England (the Bank) published a speech delivered by Sarah Breeden, the Bank’s Deputy Governor for Financial Stability, on the impact of artificial intelligence on financial stability. Particularly interesting, from our perspective, we...