UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more
7/24/2024
/ Artificial Intelligence ,
Banking Sector ,
Banks ,
Employer Liability Issues ,
EU ,
European Data Protection Board (EDPB) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Tax Liability ,
UK
In this roundup, we look at some of the key cases in corporate and real estate tax from December 2021 to January 2022, including the value–added tax (VAT) decisions on input VAT that was not passed on to final consumers and...more
On the eve of the UK's exit from the EU on 31 December 2020, the UK Government published the concise but game-changing piece of legislation, 'The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2)...more
On December 8 and 10, Katten’s Structured Finance and Securitization Department presented the “Year in Review and Outlook for 2021” webinar series. Topics covered by Katten attorneys and guest speakers include the impact of...more
12/24/2020
/ Biden Administration ,
Coronavirus/COVID-19 ,
EU ,
FDIC ,
FinTech ,
Libor ,
Loans ,
OCC ,
Regulatory Oversight ,
Safe Harbors ,
Tax Reform ,
UK ,
UK Brexit
KEY POINTS
- The UK Regulations, finalised on 13 January 2020, will only apply in relation to direct EU taxes.
- The Legal Professional Privilege exemption is still unclear.
- Penalties have been capped at...more
2/8/2020
/ Anti-Avoidance ,
Cross-Border Transactions ,
Disclosure Requirements ,
EU ,
HMRC ,
Intermediaries ,
International Tax Issues ,
Legal Professional Privilege ,
New Legislation ,
Reporting Requirements ,
Tax Authority ,
Transitional Arrangements
Key Points
- Coming into force on 1 July 2020, EU DAC6 Regulations will require intermediaries in certain cross-border arrangements to disclose activity to tax authorities.
- The DAC will apply retroactively to affected...more
12/12/2019
/ Anti-Avoidance ,
Corporate Counsel ,
Cross-Border Transactions ,
Disclosure Requirements ,
EU ,
HMRC ,
Intermediaries ,
International Tax Issues ,
Legal Professional Privilege ,
Member State ,
New Regulations ,
Tax Authority ,
Tax Avoidance ,
Third Country Entities (TCEs)