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OSA categorisation: Who has been named and what’s coming next? Last week Ofcom published its register of categorised services, naming those platforms subject to additional obligations under the Online Safety Act (OSA) rulebook. To accompany this decision, Ofcom has published two new consultations on certain duties...
Anonymous to whom? The EDPB's new draft guidelines on Anonymisation The question of whether data is anonymous, and therefore outside the scope of the GDPR, has become increasingly important in a world of constant data re-use, time-consuming data subject access requests and innovative projects typically involving AI.  An...
“Not currently minded to legislate": the consultation on predevelopment costs after Gunfleet Sands At a time when the government is staking its economic agenda on infrastructure-led growth, the Supreme Court shut the door on capital allowances for the bulk of predevelopment costs and disappointingly, the long-promised consultation may do little to...
What the Mills Review says about AI in financial services The Mills Review is the FCA’s most recent attempt to work out how AI will reshape retail financial services by 2030.  It arrives against a backdrop of mounting regulatory pressure following the release of Anthropic's Claude Mythos model (see our earlier...
Meta Joins TikTok in the Commission's Crosshairs Over 'Addictive Design' Under the DSA On 10 July 2026, the European Commission issued preliminary findings that Meta has breached the Digital Services Act ("DSA") for what it has termed the "addictive design" of Instagram and Facebook. The announcement follows a similar preliminary finding...
Distributions from non-UK companies: aligning with UK companies HMRC’s consultation on distributions includes a proposal to scrap a long-standing difference in tax treatment between distributions from UK and non-UK tax resident companies, possibly with some unintended consequences.  Current law Under the current tax...
HMRC’s consultation on distributions: capital repayments and the end of the “New HoldCo” scheme? In the first post in this series, Zoe Andrews described HMRC’s consultation on modernising the taxation of distributions and repayments of capital from companies as a possible “fundamental reset”.  Part of that involves HMRC’s proposals on repayments of...
Cyber Updates for Your Radar It’s been a busy time in the world of cyber. The fallout from Anthropic’s Mythos model continues (see our April blog) with new regulatory AI guidance, and the ICO has continued its cyber-fining streak, while the EU has developed new cyber reporting...
Closer scrutiny: how the distributions consultation targets close companies While HMRC’s consultation on modernising the distributions rules looks only at income tax (and not corporation tax) treatment, this post focuses on the elements that apply specifically to close companies (many of the other proposals will affect individual...
Tax-exempt demergers: relaxing the rules with some strings attached Amongst the more (generally) positive proposed changes being considered as part of HMRC's consultation on modernising the distributions rules are those relating to the statutory demergers code in Chapter 5 of Part 23 of Corporation Tax Act 2010. Designed...