Welcome to the inaugural Private Markets Update, which highlights developments in the European private markets, covering the issues that matter to investors in alternative assets. Touching on themes as diverse as predictions...more
5/31/2023
/ Acquisitions ,
Capital Markets ,
Cross-Border ,
EU ,
FinTech ,
Germany ,
Investment ,
Investors ,
Mergers ,
National Security ,
OECD ,
Pillar 2 ,
Private Equity ,
Private Equity Funds ,
Restructuring ,
UK
INTRODUCTION TO US TAXATION OF NFTS -
Despite Non Fungible Token (NFT) sales hitting nearly US$21 billion by the end of 2021, making NFTs almost as valuable as the global art market, they are currently completely ignored...more
5/5/2022
/ Asset Management ,
Buyers ,
Charitable Donations ,
Corporate Taxes ,
Cross-Border ,
Donations ,
EU ,
Foreign Tax Credits ,
Germany ,
GILTI tax ,
Global Market ,
Income Taxes ,
International Tax Issues ,
Investment ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Pay-for-Performance ,
Remote Working ,
Sellers ,
Trustees ,
U.S. Treasury ,
UK ,
Withholding Tax
At the end of the Brexit transition period, new UK VAT rules entered into force which from 1 January 2021 will have UK VAT consequences for overseas e-commerce sellers and online marketplaces that sell imported low-value...more
Despite much anticipation to the contrary, the UK Government decided to repeal all but one of the reporting triggers under the UK regulations implementing EU Council Directive 2018/822 on the reporting of cross-border tax...more
Our International Tax Transparency Update will cover DAC6, the UK’s Trust Registration Service and other global registration requirements that may be relevant for businesses. The importance of these requirements cannot be...more
11/16/2020
/ Cross-Border Transactions ,
DAC6 ,
Disclosure Requirements ,
EU ,
Filing Deadlines ,
Intermediaries ,
International Tax Issues ,
Multinationals ,
Registration Requirement ,
Reporting Requirements ,
Tax Authority ,
Tax Planning ,
Transparency ,
Trustees ,
Trusts ,
UK ,
Webinars
Two Birds, One Stone: Addressing COO and DAC6 Risks in Tandem -
UK Criminal Finances Act 2017 (CFA) and the EU Directive on Administrative Cooperation (DAC6) compliance matters are likely to come under increased scrutiny...more
On 12 June 2020 HM Revenue & Customs (HMRC) announced an extension to the Self-Employment Income Support Scheme (SEISS). The extension will allow eligible claimants to apply to HMRC for a second liquidity grant to partially...more
HM Revenue & Customs (HMRC) recently published guidance for self-employed individuals who wish to claim a UK Government grant under the Coronavirus Self-Employment Income Support Scheme (SEISS). HMRC also moved the cut-off...more
On March 17, the UK Chancellor of the Exchequer, Rishi Sunak, announced an unprecedented £330 billion package, equivalent to 15% of UK gross domestic product, of government-backed and guaranteed loans to support businesses,...more
3/25/2020
/ Business Closures ,
Business Interruption ,
Coronavirus/COVID-19 ,
Corporate Taxes ,
HMRC ,
Income Taxes ,
Layoffs ,
LLPs ,
New Legislation ,
Off-Payroll ,
Public Health Emergency ,
Sick Pay ,
State Aid ,
Tax Extensions ,
UK
Corporate criminal offences (CCOs) under Part 3 Criminal Finances Act 2017 (CFA) are increasingly coming under the spotlight of the UK tax authorities. In a 10 February 2020 press release published in response to a Freedom of...more
2/25/2020
/ Compliance ,
Corporate Crimes ,
Criminal Penalties ,
Criminal Prosecution ,
Cross-Border Transactions ,
EU ,
Government Investigations ,
HMRC ,
Information Reports ,
International Tax Issues ,
Popular ,
Risk Management ,
Tax Avoidance ,
Tax Evasion ,
UK ,
UK Criminal Finances Act 2017
The United Kingdom is no longer a member of the European Union and has entered into a transition period until December 31 2020, unless an extension of 1 or 2 years is agreed by July 1 2020 (the Brexit Long Stop...more
SPECIAL REPORT -
BREXIT: CHALLENGES AND OPPORTUNITIES -
In this report, we explain some of the key legal implications associated with the United Kingdom leaving the European Union (EU) without a deal for future...more
3/25/2019
/ Article 50 Treaty of the EU ,
Banking Sector ,
Court of Justice of the European Union (CJEU) ,
Data Protection ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
Hague Agreement ,
International Data Transfers ,
International Labor Laws ,
International Tax Issues ,
Pharmaceutical Industry ,
Supply Chain ,
UK ,
UK Brexit ,
Value-Added Tax (VAT) ,
Withdrawal Agreement ,
WTO
Health Care Private Equity Investments in India -
A flurry of recent private equity (PE) investments in the Indian health care sector demonstrates strong investor appetite and opportunities.
India is one of the fastest...more
This Special Report provides important information regarding two new corporate criminal offences under the UK Criminal Finances Act 2017 (Act) that came into effect on 30 September 2017.
To comply with the Act and to...more