Related briefings

Industrial Energy Transformation Fund

On 7 February 2021 the government announced £40 million in funding for businesses to help the hard to decarbonise industrial sectors reduce emissions and improve energy efficiency.

The Woolard review – significant changes for unsecured credit market

On 2 February 2021, the Financial Conduct Authority (FCA) published the much-anticipated Woolard Review, a significant and wide-ranging review of change and innovation in the unsecured credit market. Walker Morris consumer credit expert Jeanette Burgess summarises the report and offers her practical insights.

Latest Briefings

Luxembourg: no interest and royalty deduction for EU non-cooperative tax jurisdictions

On 28 January 2021, the Luxembourg Parliament approved the new law, which disallows the tax deductibility of interest and royalties payable to related corporate entities located in the EU’s list of non-cooperative jurisdictions for tax purposes. The new law will enter into force on 1 March 2021 and apply to interest and royalties accruing as from that date.

Fit and proper in the Channel Islands – a regulatory enforcement update

It is sometimes easy to forget with all that has happened over the last 12 months that there was a world before pandemics, face masks, and vaccines, and equally that there will be a world after it. However, a look back over some of the regulatory enforcement action taken by the JFSC and GFSC during this time has revealed some interesting trends.

Filing an economic substance declaration in Bermuda

In 2018, Bermuda enacted legislation with respect to economic substance requirements for entities based in the jurisdiction. All other major offshore jurisdictions enacted similar legislation at the same time.

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