The Upper Tribunal has heard an appeal against the favourable First Tier Tribunal decision in British Disabled Flying Association where it had been held that the zero rate applied to lightly adapted aircraft.

No family wants their personal issues or disputes over family wealth in the public eye. Even in private, these disagreements can be devastating for family relations...

The window of opportunity for increasing the pot of funds that can be remitted to the UK without UK tax by separating 'mixed funds' ...

US Supreme Court Narrows Whistleblower Definition Under Dodd-Frank Act

On February 2, 2018, the SEC approved a NYSE rule change to allow companies to directly list their securities on NYSE without first offering them to the public in an initial public offering.

On October 23, 2017, the Securities and Exchange Commission approved new auditing standards for the Public Company Accounting Oversight Board, which had been proposed on July 19, 2017.

A recent decision by the Delaware Court of Chancery illustrates that a company's material non-disclosure disqualifies the company's directors from deferential scrutiny under the Corwin rule.

On May 2, 2018, FINRA announced that it is revising parts of its Sanction Guidelines. FINRA's Sanction Guidelines provide general principles and sanction recommendations to assist FINRA's adjudicators ...

On August 21, 2018, the IRS issued Notice 2018-68 to provide guidance on the application of section 162(m) of the Internal Revenue Code.

The Securities and Commodities Authority of the UAE (the "SCA"), which regulates Sukuk offerings in the UAE and by UAE companies in non-UAE jurisdictions ...

On August 24, 2018, the SEC announced the agenda for the September 13th meeting of the Investor Advisory Committee (IAC).

The SEC alleged that although Credit Karma's executives were aware of Rule 701

The SEC noted that the adviser's firm had written policies and procedures in place that expressly forbid reimbursement of such expenses.

At the American Institute of Certified Public Accountants' National Conference on Banks & Savings Institutions, SEC Chief Accountant Wesley Bricker commented on financial reporting implications...

On November 6, 2017, the SEC's Division of Corporation Finance issued a Compliance and Disclosure Interpretation (C&DI) on Securities Act Rule 701.

On September 21, 2018, the SEC announced charges against five public companies for submitting financial statements in their quarterly reports that had not been reviewed by an independent,

The new Policy maintains some parts of the 2016 Pilot Program while adding two presumptions and one item of guidance.

The defendants did not deny they sought to make the payments.

On December 19, 2017, the U.S. Second Circuit Court of Appeals vacated a lower court's dismissal of a class action lawsuit claiming that the NYSE and NASDAQ, among other exchanges, violated trading rules...

On May 7, 2018, the Department of Labor (DOL) announced a new interim enforcement policy following the U.S. Court of Appeals for the Fifth Circuit's decision to vacate its fiduciary rule in March 2018.