Latest PwC Legal posts Join us on LinkedIn PwC UK YouTube channel Subscribe to our RSS feed Join us on Facebook Follow PwC on Twitter

Concerned about the slew of legislation, regulations and consultations? We’ll keep you up to date on the developments affecting your business.

03 April 2017

Who watches the watchmen? A new supra-regulator for Anti-Money Laundering in the UK

By Keily Blair and Jo Barnwell On 15 March 2017, the UK Government announced it is setting up a new watchdog, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS). OPBAS, which will sit within the Financial Conduct Authority (FCA), is being created to oversee and streamline the UK’s various...

17 March 2017

VAT and electronic publications: the next chapter

By Prinal Nathwani As technological advances continue to be made, it is important that the law adapts and is flexible enough to accommodate these developments. The position is no different for VAT law, especially when it is noted that the core provisions applied in the UK were drafted over two...

14 March 2017

The ever changing landscape of corporate criminal liability for economic crime - what does this mean for financial institutions?

By Keily Blair and Andrea Holder Many commentators, regulators and policy makers believe that broadening corporate criminal liability is a step in the right direction. Others argue that the current state of UK corporate criminal liability makes it more difficult to successfully prosecute large corporates with complex management structures. Apart...

07 March 2017

Facing Facts: the impact of migrants on London, its workforce and economy

By Julia Onslow-Cole PwC launched a new report with London First on the impact of migrants on London, its workforce and economy. While there has been much discussion about immigration over the last few months, there has been a lack of hard evidence about the contribution of migration. What we’ve...

18 February 2017

A proposal: Board engagement with stakeholders

The BEIS Green Paper Consultation on Corporate Governance Reform has now closed, and it’s clear from recent press coverage that views, not only the solution, but also on the problem that’s being resolved, vary enormously. Even when leaving Executive Pay to one side (although do read Tom’s Gosling’s report on...

Private Company Governance, one size doesn’t fit all

The recent BEIS Green Paper on Corporate Governance Reform asks the question “What is the case for strengthening the corporate governance framework for the UK’s largest, privately-held businesses?” Private businesses represent a significant part of the UK economy, consisting of a vast range of different business models and scale, and...

10 February 2017

Another “fine” mess - the Landfill Tax gap

By Jayne Harrold & Holly Grantham In HMRC’s latest report on the tax gap, published in December 2016, the landfill tax gap was reported separately for the first time as £150m. At 12% of the expected tax take the landfill tax gap is comparable to the tax gaps for tobacco...

31 January 2017

CJEU confirms that interest is recoverable on wrongly paid duties

By David Anderson Back in September we posted an update on the Advocate-General's opinion in Wortmann KG Internationale Shuhproduktionen (Case C-365/15), in which it was suggested that businesses might be able to reclaim interest on import and export duties wrongly paid to HMRC. This was despite the prohibition contained within...

Clarifying the scope of the cost-sharing exemption

By Prinal Nathwani and David Anderson It is common for many businesses to come together and pool resources as a means of sharing these resources amongst the group, or even as a means of saving money when procuring services externally. However, for those entities which make exempt or partially exempt...

12 January 2017

A change in approach by HMRC to Alternative Dispute Resolution?

We are seeing an increase in examples where HMRC are taking a proactive approach to using Alternative Dispute Resolution ("ADR") as a further tool in resolving tax disputes. This has included instances where HMRC's decision letter specifically mentions the taxpayer's ability to pursue ADR as a method of resolving the...

20 December 2016

Anti-avoidance provisions

The recent decision of the First-tier Tribunal in Water Property v HMRC [2016] UKFTT 721 has served as a reminder that the domestic legislation of Member States must comply with European Union laws and principles. Although the appeal was ultimately determined on other grounds, the Tribunal has provided interesting commentary...

07 December 2016

Customs classification of multifunctional machines

By Holly Grantham & Louise Lewis Recent customs classification success In this PwC led customs classification case Brother Industries UK Limited and Brother UK limited won a long running dispute with HMRC concerning the correct customs classification of multifunctional machines which could print, scan, photocopy and (in some instances) fax...

24 November 2016

Major changes to penalties for VAT fraud expected next year

By Jayne Harrold and Julian Balson HMRC have recently consulted on a new penalty regime for VAT fraud. Major changes to the regime are expected to appear in next year’s Finance Bill. The proposed new penalties would significantly increase the stakes for businesses caught up in VAT fraud cases by...

22 November 2016

New minimum required gross salary levels are known for highly qualified and managerial work permit holders - Belgium

Each year the minimum required salary for a few work permit categories are indexed/increased. The new amounts as from 1 January 2017 will be 40.124 EUR per year for highly qualified employees and 66.942 EUR per year for managerial employees. For non-EEA employees starting as from 1 January 2017 the...

EU 4th Money Laundering Directive: Challenges to UK transparency framework

As the UK government consults on the implementation of the EU’s Fourth Money Laundering Directive (4MLD) questions are being raised as to its compatibility with the UK’s evolving transparency reporting framework. Whilst the Directive is in support of the Government’s efforts to combat tax evasion, terrorism and money laundering one...

18 November 2016

Changes to the Immigration (European Economic Area) Regulations 2016 - UK

The new Immigration (European Economic Area) Regulations 2016 (the “Regulations”) will come into force on 1 February 2017, subject to transitional arrangements, with the exception of the new regulations in respect of family members of British nationals which come into force on 25 November 2016. The key changes are as...

UAE consular posts in Delhi and Kerala start issuing Employment Entry Permits (EEPs)

The UAE consular posts in Delhi and Kerala (India) have now formally implemented a process of issuing Employment Entry Permits (EEPs) for Indian nationals seeking employment in the UAE. As of now, this facility is only available for certain blue-collar professions and for domestic help, but reports suggest that this...

Changes affecting family members that can be included in Australian visa applications

From 19 November 2016, changes will be made to the Migration Regulations 1994 (Cth) that will impact the ability to include certain family members in an application for an Australian visa (other than Humanitarian, Refugee and Protection visas). Under the existing rules, children (including step-children) aged 18 and above can...

17 November 2016

Delays expected for Temporary Residence applications - Costa Rica

Companies filing an initial Temporary Residence Permit, a change of employer or a change of condition application should expect delays to the usual processing time. At present, processing times have been increased to around 70 business days instead of the usual 45 business days. What this means for you as...

Qatar Immigration implements changes to transit visas

A new visa scheme for travellers transiting through Hamad International Airport (HIA) has come into effect from 01 November 2016. The free 96-hour transit visa is available to all Qatar Airways passengers with layovers of five or more hours at HIA, regardless of nationality. Visas are granted based on the...

Trusted Partners to notify Employment Permits Section of any changes to their company names - Ireland

Under the 2014 Companies Act, all existing private companies limited by shares (i.e. Companies incorporated under the previous Companies Acts) have the option of converting to one of the new company types (LTD or DAC) during a transition period which ends on 30th November 2016. Such private limited by shares...

Changes to the GNIB appointment booking system - Ireland

Due to the anticipated increase in demand, the GNIB appointment online booking system will now allow non-EEA individuals who are required to register at the Burgh Quay Registration Office to book their appointments up to 10 weeks in advance. Failure to do so in the appropriate time frames could lead...

Chinese visitors are now eligible for visas-on-arrival in the UAE

In an effort to strengthen relations with China and boost tourism and trade, the UAE now permits holders of Mainland China passports to avail a 30 day visa-on-arrival upon entry. Although the announcement (which was first circulated on Sheikh Mohammed Bin Rashid al Makhtoum’s official Twitter account) was made earlier...

16 November 2016

New documentary requirements announced as part of upcoming changes to immigration process - China

An official announcement has been published on the authority's website which has confirmed that legalisation of degree certificates and legalised police clearance certificates from any country the individual has resided in for over 12 months will be required as part of the submission of Employment License application. For foreign employees...

14 November 2016

Third-parties no longer permitted to submit applications with the Directorate General of Immigration - Indonesia

As of Monday, 14 November, third party representatives will no longer be able to submit applications for foreign employees on behalf of an employer with the Directorate General of Immigration in Indonesia. The new regulation will currently only affect permits that are normally processed through the Directorate General, namely Working...