DLA Piper today announced the appointment of Jayne Newton as a Tax Investigations Director in its Litigation & Regulatory Group. Jayne joins DLA Piper from Lloyds Banking Group where she was Head of Operational and Employee Taxes.
Jayne spent the last 21 years at Lloyds Banking Group where she led the team responsible for managing the financial and reputational risks facing the Group relating to compliance with HMRC regulations on all operational and employee tax issues. This involved influencing regulatory developments through chairing the BBA Operational Tax Issues Working party and also being a pro-active member of the BBA US Tax Issues Working Group
During her career, Jayne has acquired considerable experience in the banking business. This has resulted in a deep understanding of product development and the commercial benefits of effective operational tax risk management. Additionally, Jayne has extensive expertise in the mitigation of the practical impact of UK, European and US regulations on global financial institutions, the management of operational and employee tax risks on mergers, acquisitions, business restructuring, divestments, and market changes/challenges, as well as media management relating to operational tax risks.
Stephen Sly, DLA Piper International Head of Litigation & Regulatory, said: “Jayne has an insight into the banking community that will prove invaluable to our clients in this sector. Her appointment will enable us to combine the legal expertise of a global law firm with the operational tax, commercial and risk management experience she brings. At a time when regulation is on the rise, and changes are being made to tax law at a local and global level, Jayne will be an asset to our market leading Tax Investigations and Disputes team.”
Jayne Newton, added: “I am delighted to be joining the Litigation & Regulatory Group at DLA Piper. During my career at Lloyd’s I have gained a thorough understanding of the practical impact of compliance obligations and am adept at providing solutions that are commercial, achievable and risk focussed. The Tax Investigations & Disputes team has an excellent reputation in the market and I look forward to putting my expertise to good use advising the firm’s local and global clients on compliance.”
Deloitte, the business advisory firm, has appointed Kit Dickson as a new partner in its information reporting and withholding taxes group within the financial services practice.
Kit will lead the operational taxes team, with a particular focus on pension and investment funds and EU law for financial services firms.
Kit joins Deloitte from KPMG’s investment management team, where he worked with a range of institutional investor clients in the UK and globally. He previously led KPMG’s EU law group, providing organisations with European law interpretation services around tax.
Gordon Dootson, Financial Services Tax Lead at Deloitte, said: “It is an important time for those dealing with global investments. Since 2008, we have seen a move towards tighter controls and foreign investors having to provide a greater flow of information to foreign authorities. This brings challenges to clients across the financial services sector to manage their tax reporting and withholding requirements wherever they are invested around the world.
“Kit’s expertise and understanding of investor markets, such as pension and investment funds, with the support of a strong team, will help our clients meet the new tax challenges arising in a rapidly changing space.”
Kit Dickson said: “I am very excited about joining Deloitte and working with the information reporting and withholding group. The changes we are seeing in tax reporting and provision of information requirements in global markets present real challenges for clients’ tax risk management and compliance systems. The US regime FATCA is just one example of this and has definitely raised awareness in this area. Clients are recognising the need to consider their tax risk across all investment markets.”