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HMRC provides detail of new policy on input tax recovery for DB pension schemes

On 4 June this year, HMRC quietly updated its published guidance in relation to input tax recovery for defined benefit (DB) pension schemes. These changes to HMRC's internal VAT Input Tax Manual clarify an improved position for the way in which input tax on asset management costs can be recovered, but appear to make recovery of input tax on administration costs more difficult.

The new ground rent consultation: "quid pro quo" leases and the retirement living sector

The draft Commonhold and Leasehold Reform Bill was published in January 2026 and has been controversial from the start. One of its key aims is to cap ground rents in existing long residential leases at £250 a year from an implementation date in late 2028, reducing in 2068 to a peppercorn.  This follows from a previous consultation under the last Conservative government in 2023/24 which weighed up five different options for tackling excessive ground rents.

Travers Smith advises IK Partners on the sale of Forthglade

Travers Smith LLP has advised long-standing client IK Partners on the sale of Forthglade, a leading natural pet food manufacturer, to Assisi Pet Care, a leading UK-based producer of premium natural pet food and treats backed by Wind Point Partners.

Key considerations when negotiating sports sponsorship agreements, with a spotlight on women's sport

Deloitte’s recent report predicts that global revenue generated by elite women’s sport will reach at least US$3 billion this year, representing a 25% increase on the 2025 figure. This highlights women’s sport as not only a fast-growing independent industry, but also a rich commercial opportunity, particularly for brands looking for new and innovative sponsorship arrangements.

What to expect from Andy Burnham: Potential legal and policy changes under the new UK Prime Minister

On Monday 20th July 2026, the UK will have a new Prime Minister, the current Labour MP for Makerfield, The Rt Hon Andy Burnham.

Upcoming changes to Right to Work checks from 1 October 2026

From 1 October 2026, the UK government will significantly expand the scope of right to work ("RTW") checks for businesses. Introduced under the Border Security, Asylum and Immigration Act 2025, these changes will mean that responsibility for RTW compliance is no longer limited to traditional employment.

Travers Smith advises Volex plc on the acquisition of remaining stake in Kepler SignalTek

Travers Smith has advised long-standing client Volex plc ("Volex"), a critical manufacturing partner to category leaders, delivering complex power and data connectivity solutions, on the acquisition of the remaining 64.3% of the issued share capital of Kepler SignalTek Ltd ("KST"), taking Volex's ownership of KST to 100%.

Planning Data Centres in the UK

The UK's data centre sector is experiencing unprecedented growth, driven by the explosion in cloud computing, artificial intelligence, and digital services. The planning framework governing data centre development has evolved significantly to keep pace, with the Government introducing new designations and policy levers to accelerate delivery while balancing local concerns.

Modern Slavery Act: Transparency Reporting Gets Teeth

The corporate reporting element of the Modern Slavery Act 2015 ("MSA") has been widely regarded as ineffective in driving real change in supply chain risk management. The regime requires large commercial organisations to publish annual slavery and human trafficking statements, but says remarkably little about what those statements must contain, imposes no deadline for publication, and has never been the subject of enforcement action.

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