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B2C marketing: CMA calls for businesses to disclose how "green" their products really are

The Competition and Markets Authority (CMA) has recommended legislating to impose a positive obligation on consumer-facing businesses to disclose information about the environmental impact of their products. It has also recommended changes designed to make it easier to enforce consumer law against companies making misleading environmental claims, to allow orders to be made requiring businesses to make redress payments for environmental harm and to increase supply chain transparency.

HMRC provides comfort to credit funds (and others) on scope of trading prohibition for QAHCs

In April, the UK introduced a new tax privileged regime for qualifying asset holding companies (QAHCs). However, many in the industry felt that the original guidance on the regime published by HMRC did not provide sufficient clarity as to when the activities of an asset holding company (AHC) would constitute a trade. This was important because a QAHC is almost completely prohibited from trading (trading activities must be both ancillary to the company's main investment business and not substantial). 

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