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R&D Tax in the Autumn Statement 2023: A tale of two regimes For those, like me, who have been following the ever-changing research and development (R&D) tax relief landscape in the UK over the past few years, it will have come as no surprise that the Chancellor, in his Autumn Statement 2023, delivered the final ve... Autumn Statement 2023: ORIP out - UTPR in As trailed on X (previously Twitter), the Chancellor delivered the Autumn Statement on 22 November 2023 with “110 different measures to grow the British economy”. I admit that I have not counted the measures to verify this, but the list of tax measures al... UK signs joint statement against ransomware payments – “New norm” or status quo? On 2 November 2023, the UK government announced that it and more than 40 countries had signed a Joint Statement strongly discouraging the payment of ransomware demands and pledging that central government funds should not be used to pay ransoms to cyber c... OpenAI offers to indemnify ChatGPT customers for copyright infringement OpenAI has announced that it will protect its business customers against copyright infringement lawsuits, following the lead of Microsoft, Google and Amazon, who already offer customers such protection in relation to their generative AI products.  The off... Love, not money, is the basis for all happiness in life … and for tax residence in Italy On 16 October 2023 the Italian Government preliminarily approved a legislative decree to implement a reform regarding international taxation (Draft Decree). The proposal is yet to be approved by parliament. One key change is to the way tax residence is de... Are you an AIF? Are you comparable to a Spanish AIF? If yes, you could be entitled to a limited 1% tax on your Spanish source income The 1% income tax treatment, instead of the standard 19% tax, is available to non-Spanish tax resident alternative investment funds (AIFs). Or so the Spanish Supreme Court says, if you meet certain comparability criteria. Note: The Spanish tax statute of ... What can we learn from the UK’s AI Summit? The UK held the world’s first AI safety summit last week at Bletchley Park – a location famous for codebreaking (it was where Alan Turing’s team famously broke the Enigma code in World War II) and which is often linked to the birth of modern computing.  T... UK scraps the bonus cap - competitive divergence or prudent policymaking? On 24 October 2023, the PRA and the FCA issued a joint policy statement (PS) announcing that the bonus cap would be scrapped from 31 October 2023. The move follows a joint consultation paper (CP) published in December 2022, which itself gave effect to a c... EU Commission's proposal for an ESG Ratings Regulation Financing the transition to a climate-neutral and sustainable economy by 2050 is at the heart of the EU Commission's strategy for sustainable finance. In June 2023, the Commission reaffirmed its objective in a communication entitled "A framework for susta... Watch how you sign – handwriting only for assigning a European patent application You’ve made your European patent application. You now want to assign it. You check the relevant provision of the European Patent Convention (EPC), Article 72, which requires “the signature of the parties to the contract”. But beware. According to a recent...