Publication
The UK Football Governance Bill: Impact on ownership
The UK Football Governance Bill (the Bill), reintroduced by the current Labour government in 2024, marks a significant shift in the regulation of English football.
Global | Publication | May 2018
Luxembourg has introduced new disclosure requirements for Luxembourg companies that enter into transactions with related parties resident in a territory listed on the EU list of non-cooperative jurisdictions for tax purposes. The measures, which have immediate effect, are set out in Circular L.G. - A n° 64 issued on 7 May 2018 and respond to the anti-base erosion agenda.
The new measures require companies to inform the tax authorities when filing their tax returns if they have entered into transactions with related parties resident in non-cooperative territories for example, Bahamas, Trinidad & Tobago and US Virgin Islands.
In addition to this basic reporting requirement, companies are required to prepare a file containing details of the transactions in question, such as income and expenses as well as a statement of receivables and liabilities outstanding with the related party. The file should be kept at the registered office of the company and must be made available on request to the tax authorities as part of a review of the tax return or an on-site inspection.
Finally, and in addition to the specific reporting requirements, the Circular also states that the tax affairs of companies engaged in such transactions will be subject to enhanced levels of scrutiny. Cross-border structures involving Luxembourg holding companies should therefore be reviewed to determine what action needs to be taken.
Publication
The UK Football Governance Bill (the Bill), reintroduced by the current Labour government in 2024, marks a significant shift in the regulation of English football.
Publication
Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
Publication
In this edition we report on the Law Commission’s interim statement on 1954 Act reform following its two November consultations. We then examine the facts, judgments and implications of 3 recent cases: Emily Colville comments on the progress of a case determining whether or not a roof top garden should be considered a “storey” for the purposes of the Building Safety Act 2022.
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