Vital to know DORA will apply from 17th January 2025 It is directly applicable to financial sector entities listed in Article 2 (1) (a)-(t) of DORA. This includes almost all types of financial entities (level one application). In relation to ICT third-party service providers (“ICT Providers”), there are two ways for how DORA will apply (level […]
What is the UK approach? In response to the evolving cyber threat landscape and in parallel with EU efforts, the UK has been fortifying its own regulatory framework around the digital operational resilience of its financial sector: Financial Services and Markets Bill (FSMB): As of 2023, this bill is progressing through Parliament and includes provisions […]
As the digital economy continues to grow at an unprecedented rate, regulatory bodies are stepping up efforts to ensure tax compliance across borders. One of the most significant regulatory developments in this space is the introduction of DAC7 by the European Union. This directive is designed to improve transparency in tax reporting and requires digital […]
From April 2025, the current tax system for non-UK domiciled individuals will be abolished. This will be replaced by a residency-based system which will tax individuals on their worldwide income and gains. Following the initial proposed rules announced by the previous Conservative government in March 2024, and announcements from the new Labour government during the […]
For CEOs and CFOs of UK multinational SMEs without a Transfer Pricing (TP) policy in place, now is the time to consider the implications. As regulatory oversight tightens, particularly with potential changes following the recent Autumn Budget for a Spring 2025 consultation, a robust TP policy is essential. Understanding Transfer Pricing Transfer Pricing refers to […]