Search Results for: UK law
Clashes with Russia point to globalization’s end
August 4th, 2014
As the European Union and the United States ramp up their sanctions on Russia, President Vladimir Putin’s plans for retaliation seem to include an attack on McDonald’s. There could not be a more powerful symbol that geopolitics is increasingly ...
Tokyo Police to launch Investigation into Missing Mt. Gox Bitcoin
August 4th, 2014
The Tokyo Metropolitan Police Department has launched an official investigation into possible illicit activity surrounding the closure of Japan-based bitcoin exchange Mt. Gox. The news comes roughly five months after the bitcoin exchange reported it lost roughly 744,400 BTC ...
Corporation tax and CGT
August 1st, 2014
Summarize of the key measures in Finance Act 2014, Andrew Goodall sets out the main corporation tax and capital gains tax provisions in part one of the act. Corporation tax Rates Finance Act 2013 fixed the main rate for ...
FCA reports that firms fail to deliver best execution
July 31st, 2014
The Financial Conduct Authority (FCA) has released a review setting out some major points, highlighting the fact that most firms fail to properly apply the rules on best execution when trading on their behalf Looking at 36 firms the FCA ...
HMRC’s plan for debt recovery plan
July 31st, 2014
The Law Society has joined the chorus of opposition to government plans to allow HM Revenue & Customs direct access to tax defaulters’ bank accounts. In its response to HMRC’s call for evidence on new powers for direct recovery ...
Prudential Regulation Authority and Financial Conduct Authority consult on proposals
July 30th, 2014
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published two joint consultation papers aimed at improving individual responsibility and accountability in the banking sector. These changes include a new approval regime for the most senior individuals ...
EU Practiced Its Russian Sanctions in Cyprus
July 30th, 2014
Europe’s new financial sanctions against Russia will be among the first meaningful ones the West has introduced since the Ukraine crisis started. But punishing rich Russians is not exactly new territory for the EU — it has been doing ...
Plans outlined to amend tax rules to enable new simplified reporting of VAT owed for supply of digital services
July 30th, 2014
Proposed amendments to UK tax rules are being consulted on by HM Revenue & Customs (HMRC) to recognise a new simplified mechanism that is being introduced for reporting VAT owed on the supply of digital services following changes to ...
Lords committee against the right to be forgotten
July 30th, 2014
The House of Lords expressed its opposition to the ‘right to be forgotten’ describing it as ‘unworkable, unreasonable and wrong in principle’, enforcing in this way the government’s opinion against the EU privacy protection laws. The principle, also referred ...
Pound is bullish as Shine Comes Off
July 30th, 2014
The shine is starting to come off the U.K. pound, which has given up its reign as the most popular bullish bet for 2014 among the Group of 10 currencies. Hedge funds and other large speculators cut their net ...
