Join Peter and Jonathan Corman, Partner at Fenchurch Law, as they explore the complexities of insurance coverage disputes. This episode of Insurance Covered delves into the legal intricacies...

The UK's Office of Trade Sanctions Implementation has released its Annual Review for 2025-2026, revealing significant insights into licence application processing times, investigation trends, and enforcement activities.

HMRC's latest statistics reveal a dramatic increase in cryptoasset tax reporting, with 240 taxpayers declaring over £1 million in capital gains and total disposals reaching £13.8 billion in 2024/25. As the UK prepares to implement the Cryptoasset Reporting Framework from January 2026, giving HMRC unprecedented access to transaction data from service providers, the tax risks facing cryptoasset holders are escalating rapidly. With 81,000 warning letters already sent to taxpayers and HMRC's enforceme

The FCA has issued new guidance targeting listed companies that use vague, exaggerated, or marketing-style language in regulatory announcements. Companies face potential enforcement action if their disclosures fail to meet required standards, with the regulator emphasizing that announcements must contain regulated information rather than promotional material.

From the Professional Footballers' Association's High Court challenge against the EFL's new wage controls to Formula 1's calendar reshuffling amid Middle East tensions, this roundup examines the latest legal and commercial developments reshaping professional sports. The analysis covers merger activity in combat sports, governance disputes in British horse racing, and environmental activism in competitive sailing.

The First-tier Tribunal examined whether HMRC could retrospectively impose late payment penalties and surcharges after reallocating tax payments made by a taxpayer who had entered into unsuccessful tax avoidance schemes. The case centered on the critical question of whether tax liability should be assessed at a specific point in time or whether subsequent payment reallocations could create retroactive late payment scenarios.

When HMRC issued an information notice demanding a UK subsidiary's US parent company financial statements in a transfer pricing enquiry, the First-tier Tribunal had to determine whether such documents were reasonably required and whether the subsidiary had the power to obtain them. The case examines the boundaries of HMRC's information-gathering powers and the practical limits of corporate group relationships.

In Professional Game Match Officials Ltd v HMRC [2026] UKFTT 654 (TC), the First-tier Tribunal (FTT) allowed the taxpayer's appeal and held that football referees' individual match engagements were contracts for their services and not contracts of employment and therefore the referees were self-employed.

The Singapore Court of Appeal has reaffirmed how courts handle disputed debts involving arbitration clauses, while the Singapore International Arbitration Centre has introduced its Restructuring and Insolvency Arbitration Protocol. These developments significantly impact creditors and debtors when arbitration and insolvency proceedings intersect, establishing clearer boundaries for winding-up applications and strengthening protections against abuse of process.

The First-tier Tribunal examined whether film production partnerships could claim tax relief on both equity-funded and debt-funded expenditure, distinguishing between genuine trading activities and arrangements designed primarily to enhance tax benefits. The case centered on partnerships that invested in film production through a combination of direct contributions and bank loans, with HMRC challenging the tax treatment of these transactions some 20 years after the relevant tax years.

In Take 3.9 TV Partnership and others v HMRC [2026] UKFTT 696 (TC), the First-tier Tribunal (FTT) held that the appellants were carrying on a genuine trade and therefore the equity-funded portion of their film production expenditure qualified for tax relief, but the debt-funded expenditure was incurred only to enhance tax relief and therefore did not qualify for tax relief

Vaping duty stamps are highly secure labels indicating that the vaping product is legal. They must be rectangular, meet specific dimension requirements and be made from bespoke secure paper