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Do you want chips with that? New semiconductor strategy targets investment, talent and supply chain issues On 19 May, the UK published its Semiconductor strategy which outlines a range of plans to shore up the future of semiconductors within the UK. This includes plans to safeguard supply chains and steps organisations can take to help with this. The importanc... Transfer pricing, permanent establishment and diverted profits tax reform The changes proposed by the UK government in its consultation on the reform of the transfer pricing, permanent establishment and diverted profits tax legislation are intended to ensure equal treatment between multinationals and other enterprises, simplify... Is cookie enforcement crumbling? No, the ICO warns Companies that fail to include a “reject all” button in their website cookie banners are “breaking the law” and risking regulatory enforcement, a senior figure from the ICO has cautioned.  In a recent interview with MLex, the ICO’s Deputy Commissioner, St... Cyber supply chain risk and the insurance sector The Capita cyber attack in March 2023 and possible resulting data breach has highlighted again the potential vulnerability of firms to cyber risk via their third party suppliers. The incident was particularly high profile given the scale of Capita’s opera... German tax administration gets the attention of US Congress for register cases The German register cases have been the subject of discussions in the public and also in this blog for almost three years, from the start over intermediate steps to something close to a solution. Now they have drawn the ire of Republicans in the US Congre... Post Capita and Zellis, how do you manage cyber supply chain risk? The recent Capita, MOVEit and Zellis cyber attacks are another reminder of the importance of considering supply chain risk as part of your cyber preparedness plans. Traditionally this has been a blind spot for many organisations. Few were monitoring their... Crypto Promo - Slow Mo The FCA has today published a policy statement and near final rules regarding the promotion of cryptoassets. Absent any unforeseen events, these will come into force on 8 October 2023. The rules take much the same shape as those consulted on by the FCA in... Hargreaves Property Holdings v HMRC: Beneficial entitlement and “yearly” interest The Upper Tribunal’s decision is a helpful ‘back-to-basics’ on the nature and purpose of the provisions on withholding tax on interest income and a good reminder that the courts are becoming increasingly comfortable with leveraging the Ramsay principle (b... UK Government’s White Paper on AI Regulation Gets Stamp of Approval from CMA It’s good to get a gold star on your homework, particularly when that homework relates to the future of AI regulation in the UK. On 1 June 2023, the CMA responded to the UK government’s consultation on its white paper AI Regulation: A Pro-Innovation Appro... Cooperation, Dialogue, Divergence: The Future UK-EU Relationship in Financial Services Regulatory dialogue between the EU and the UK is set to resume officially with the adoption by the European Commission of a draft Memorandum of Understanding (MoU) establishing a framework for structured regulatory cooperation between the parties in finan...