Legislative Developments

The Ukrainian parliament has adopted a law commonly referred to as the Tax Amnesty Law, which introduces voluntary disclosure program with respect to unreported taxable income and assets, international law firm Baker McKenzie has noted.

HMRC has shut down its specialist unit focused on Family Investment Companies (FICs) after it found no correlation between usage and non-compliant behaviours

HMRC has launched a new consultation proposing changes to  the tax treatment of the self-employed, including members of professional partnerships which will, if introduced, aim to simplify the manner in which their income tax liabilities are calculated

Nearly two thirds of professionals responding to a new survey felt that more needs to be done to ensure that remote hearings – now commonplace in the family court because of COVID-19 – were fair and worked smoothly

The UK’s Ministry of Justice has announced plans to reform the lasting power of attorney (LPA) process to make it simpler and easier to use whilst shifting to a predominantly digital service

The Law Commission has announced a public consultation on its 14^th programme of law reform, calling for views on its proposals for possible areas for reform

“Emotional attachment” has been cited as the biggest challenge for entrepreneurs contemplating selling their business, new research from Lombard Odier has shown

Jersey is one of the jurisdictions to have joined the OECD’s statement on a new global tax framework

According to statistics, almost half of surrogacy arrangements taking place in the UK are conducted abroad. There are several reasons intended parents choose to go abroad for surrogacy, from an inability to find a suitable surrogate in the UK, to the appeal of experienced agencies in destinations where commercial surrogacy is legal and regulated