In this briefing we address the applicability of the EU AI Act (AI Act) along with other considerations where contracts involve the supply or use of AI in so far as it affects English law. The AI Act and its scope The AI Act is an EU Regulation which is...
The Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA) received royal assent on 15 March 2022. Part 1 and Schedule 3 (the sections relevant to this briefing note) came into force in stages between 1 August 2022 and 16 January 2023. ECTEA...
Non doms: what does the budget mean for you (and what can you do about it)?
In the first Autumn Budget from the new Labour government, there were a number of significant reforms to the UK tax regime. Two of the most significant changes were the abolition of the “non-dom” regime and the removal of domicile as the...
The Budget announced by Chancellor of the Exchequer Rachel Reeves on 30 October 2024 - the first by a Labour government for over a decade - was one of the most significant Budgets in recent years in terms of changes to the taxation of individuals. A big...
Transition to digital e-Visas by 31 December 2024 - important information
Anyone who does not currently have access to an e-Visa will need to take action by 31 December 2024. This is because UK Visas & Immigration (UKVI) is moving to an immigration system which provides digital proof of immigration status (an e-Visa),...
As your requirements to occupy property evolve, our property disputes team can help you navigate the challenges and opportunities for your business. Challenges and opportunities Issues How we can help Need for flexibility The...
NIS 2 will come into force across the EU in less than two months’ time. You can read Stevens & Bolton LLP’s briefing note on NIS 2, written by Charlie Maurice and Alasdair McDowell in our Commercial and IT Department, here
The diversity and increase in use of technology has given rise to an increase in digital, data, cybersecurity and IT laws or regulations as well as Codes of Practice. The move away from the EU has also created divergences between the UK and the EU laws,...
The EU Digital Services Act (the EU Act) was introduced in response to the rapid expansion of the digital economy
The purpose of the Act is to provide a regulatory framework with the general aim to make the use of internet services safer for individual in the UK.
Businesses involved in the manufacturing, importing and/or distributing of “connectable products” will now need to comply with the requirements under the Product Security and Telecommunications Infrastructure (Security Requirements for...
On 6 March 2024 the government unveiled its plans for wide-ranging changes to the tax treatment of UK resident non-UK domiciled individuals (non-doms). While the government intends to bring the changes into force with effect from 6 April 2025, given the...
This note gives an overview of the Corporate Sustainability Reporting Directive (CSRD), an EU directive which came into force in 2023 as part of the EU’s green deal. The CSRD introduces new obligations for in-scope companies to report on environmental,...
Enterprise investment scheme (EIS) and SEED enterprise investment scheme (SEIS) overview
This note outlines the key conditions which need to be met and the tax treatment of the investment under both the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS). It is not designed to be a definitive statement of the...
On 13 March 2024, European Parliament approved the “AI Act” following a provisional agreement being reached on 8 December 2023. This contrasts to the UK’s "light touch" approach whereby existing regulators will be upskilled...
Until now it has been the norm for each party to instruct their own solicitor whose role is to advise them as an individual as to the best outcome. This means that under the traditional route, advice is given from one party’s perspective alone. The...
The Bank of England (BoE), the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (the regulators) recently ran a joint consultation on their proposals for addressing potential risks to the stability of the UK financial system...
The Digital Markets, Competition and Consumers Act proposes a new regulatory regime to address growing concerns over the competitiveness of digital markets. These concerns include that larger players may have substantial and entrenched market power which...
This note is designed to assist our clients to understand the key issues the PSC register requirements present for them. This is a complex area and each case will depend on the specific facts. What is a PSC register? Most UK incorporated companies...
At the end of November 2023, the European Council adopted the wording of the proposal for a regulation on harmonised rules on fair access to and use of data (Data Act). The Data Act will enter into force on the twentieth day following that of its publication...
The European Cyber Resilience Act (CRA) is an EU proposal to regulate cybersecurity requirements for products with digital elements. As at November 2023, a final version of the proposed regulation is awaited. What does the CRA aim to do? It is recognised...
The Conservative party’s pledge to increase the inheritance tax nil-rate band (the threshold below which inheritance tax is not payable) to £1,000,000 goes back to 2007, during their time in opposition. When they came to sole power in May 2015,...
We live in an increasingly digital world and most individuals now own one or more digital assets. The importance of considering these assets and what should happen to them on death has never been greater. What are digital assets? The term “digital...
Lifetime gifts are an important part of inheritance tax planning. They can be an effective way of removing value from an individual’s estate, which can reduce the amount chargeable to inheritance tax upon death. Not all lifetime gifts, however, will...
Hard or soft loans: beware the pitfalls of lending to friends and family
It is common for money to be loaned or gifted within families to help with property purchases or to meet other expenses. Very often, not enough thought is given at the point of payment to whether the payment is a gift or a loan, or indeed if it is a...
The Data Protection and Digital Information Bill (bill) contains proposed changes to UK data protection law and is currently in the parliamentary process. Broadly, the proposals aim to liberalise existing UK data protection law by removing unnecessary...
Overseas entities which own registered land in the UK must register their details with Companies House to be included on the Register of Overseas Entities (ROE) by 31 January 2023. As the consequences of not doing so are potentially severe, if you have...
A practical introduction for corporates Collective and group redress is becoming increasingly prevalent in England in Wales. The claims are often large scale and there is infrastructure in place in the form of claimant law firms and available funding to...
Legal framework Broadly, anti-competitive agreements or concerted practices are prohibited under competition law (in particular, Article 101 of the Treaty on the Functioning of the EU ( TFEU ) and its UK equivalent, the Chapter 1 prohibition of the...
The EU has the EU General Data Protection Regulation (EU 2016/679) (the “EU GDPR”) which, until Brexit, was directly effective in the UK. Notwithstanding Brexit, the rules underpinning the UK’s data privacy regime have remained to a large...
Search our site
