Knowledge

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Autumn Budget 2021

The Chancellor delivered his Autumn Budget on 27 October 2021.

The UK's Net Zero Strategy: Cop out or COP26 ready?

On 19 October 2021 the UK Government published its eagerly anticipated net zero greenhouse gas emissions strategy (the "Net Zero Strategy"). With just a week to go until COP26, the Net Zero Strategy is in the process of being scrutinised in detail by stakeholders in the UK and from other signatories to the Paris Agreement to gauge how serious the UK is about reaching the agreed goal to limit global warming to well below 2 (preferably to 1.5) degrees Celsius, compared to pre-industrial levels. In this article we look at some of the key policies and commitments outlined in the Net Zero Strategy and consider how its publication has been received.

Black History Month 2021 podcasts

As part of Black History Month 2021, we are pleased to launch a series of podcasts examining themes relating to race, ethnicity and inclusion. Aimed at promoting discussion, we hope you find the series to be thought provoking and informative.

EMIR/UK EMIR Initial Margin Requirement – is your scheme ready for Phase 6?

Certain buy side market participants, including pension schemes and asset managers, will be required under EMIR/UK EMIR to exchange initial margin on most of their uncleared OTC derivatives transactions from 1 September 2022. Your pension scheme will be affected by this upcoming regulatory requirement if it uses uncleared OTC derivatives with an aggregate notional amount above EUR8bn.

Real Estate bitesize series

This series of bitesize videos is your chance to hear from various members of the Real Estate team on need-to-know updates and topical issues in the sector. This series is available as both videos and podcasts

Court dismisses landlord's challenge to Caffe Nero's CVA

The High Court has dismissed a challenge to Caffe Nero's company voluntary arrangement (CVA) in Young v Nero Holdings Limited.  The Applicant in the proceedings, Mr Young, was a landlord of premises let to the First Respondent, Nero Holdings Limited (the Company) and challenged the Company's CVA under s 6(1)(a) and (b) of the Insolvency Act 1986 (the Act). Mr Young alleged that the Company's CVA was unfairly prejudicial to the rights of creditors and that the procedure and circumstances around the approval of the CVA were materially irregular.  

UK Sustainable Investing: follow the green brick road

On 18 October 2021, with just under two weeks to go before the UK hosts COP26, the UN Climate Change Conference 2021 in Glasgow, HM Treasury, the Department for Work & Pensions (DWP) and the Department for Business, Energy & Industrial Strategy (BEIS) published a joint paper entitled Greening Finance: A Roadmap to Sustainable Investing (the Roadmap).

Real Estate Tax Changes - Autumn 2021

The last few months have seen several significant developments in relation to tax. Whilst perhaps the most headlines were generated by the OECD’s announcement that agreement has been reached on the introduction of important changes to global corporate tax rules, there have been several noteworthy developments from a domestic tax perspective, including the provision by the UK government of more details of the new tax on residential property developers and the new tax privileged regime for asset holding companies, both of which are due to come into force next April.

Why it matters whether software is "goods" or "services"

A recent judgment of the Court of Justice of the European Union (CJEU) has significant consequences for software providers which conduct sales of software to their customers through agents, both in the EU and the UK. It also highlights a wider debate around whether software should be treated as goods or services and why this matters.

Lexis PSL: Residential Property Developer Tax (RPDT) - technical consultation on draft legislation

Tax analysis: HMRC has launched a consultation on the draft legislation for the Residential Property Developer Tax (RPDT) ahead of its inclusion in the 2021–22 Finance Bill. This follows the government holding a consultation seeking views on the policy design of the new RPDT between 29 April and 22 July 2021. Ian Zeider, knowledge counsel at Travers Smith and Cathryn Vanderspar discuss the draft legislation and possible issues.

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