POLICIES & REGULATIONS

On 11 February 2022, the UK's foreign secretary Liz Truss and the European Commission’s Vice-President Maroš Šefčovič failed to reach agreement despite in-person negotiations over the existing Northern Ireland Protocol. The two sides have vowed to continue negotiations intensively, with a view to amending the existing deal. More

The Member of the European Parliament (MEP) in charge of negotiating the proposed EU Carbon Border Adjustment Mechanism (“CBAM”) on behalf of the European Parliament has recommended far-reaching changes to the draft law which had been put forward by the European Commission last summer. The amendments include a wider product scope, a quicker roll-out and the creation of a new EU agency. More

The European Commission has adopted Commission Delegated Regulation (EU) 2021/2288, amending the Annex to Regulation (EU) 2021/953 as regards the acceptance period of vaccination certificates issued in the EU Digital COVID Certificate format indicating the completion of the primary vaccination series. This introduces a harmonised nine-month period of validity of vaccination certificates across the EU. The new rules will become applicable from 1 February 2022. More

The European Commission has presented a proposal for a new Directive which would ensure a minimum effective tax rate for the global activities of large multinational groups. The proposal aims to implement the recent global tax reform agreement which, in turn, aims to bring fairness, transparency and stability to the international corporate tax framework. Any business or person interested in providing feedback to the Commission’s proposal for the Directive may do so by 1 March 2022. More