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Managing cyber risks: key lessons from the Interserve decision This morning, the Information Commissioner’s Office (ICO) announced that it had fined Interserve Group Limited (Interserve) £4,400,000 for breaches of the UK GDPR which came to light following a May 2020 cyberattack. This is the fifth enforcement decision...
Hardly an Easylife: Key lessons from the ICO’s latest GDPR enforcement action In early October 2022, UK catalogue retailer Easylife was issued separate financial penalties by the ICO under the PECR (£130,000) and GDPR (£1.35 million) regimes. Easylife has since stated that it is committed to appealing both fines. We reflect on the...
The ICO’s new approach to DSAR enforcement: naming and shaming On 28 September, the ICO announced it had issued reprimands to seven organisations for repeatedly failing to respond to data subject access requests (DSARs) under the UK GDPR. These include six organisations from the public sector including the Ministry...
One step closer to mutual adequacy for EU-US and UK-US data flows On Friday 7 October, US president Biden signed an Executive Order which, alongside the regulations issued by the Attorney General, implements into US law the agreement in principle announced in March on EU-US personal data flows (the Data Privacy...
Riding into the sunset: the Retained EU Law (Revocation and Reform) Bill At the end of 2023, certain EU laws and rights retained as part of domestic law in the UK following its departure from the EU will fall away if the Retained EU Law (Revocation and Reform) Bill currently before the UK Parliament is enacted, save where they...
How to regulate the use of AI in financial services – still looking for answers How to regulate AI is the subject of a wide-ranging debate, both in the UK and internationally. One of the critical issues in this debate is whether AI can be managed through clarifications to the existing regulatory framework, or whether a new approach...
Spanish tax measures 2023: the new "Solidarity" Wealth Tax for high-net-worth individuals On 29 September, Spain’s Minister of Finance announced a series of tax measures, some of which have already been included in the General State Budget Bill for 2023. The multidisciplinary nature of the proposed measures makes it necessary to explain the...
Italian Supreme Court sets aside discriminatory tax framework for non-EU pension funds based on free movement of capital A recent Italian Supreme Court decision could have far-reaching consequences for Italian tax provisions on cross-border dividend payments, in particular to non-EU investment funds. The decision No. 25963 of 2 September 2022 concerned the tax treatment of...
Overview of 2023 Irish Budget – key tax measures The Irish Minister for Finance, Paschal Donohoe, and the Irish Minister for Public Expenditure and Reform, Michael McGrath made their respective speeches to the Irish Parliament on Tuesday 27 September 2022. The Budget has been shaped in the context of...
Some imp-s'more-tant news... VAT has often held the answer to many of life's greatest mysteries. Why does my sandwich cost more if I eat in rather than eat out? Or if I say yes to wanting it heated, even if I do take-it-away? Answer: VAT. A cold sandwich to take away is a standard...