British Government insists Police Anti-Piracy Unit Will Be Funded Beyond June 2019

British Government insists Police Anti-Piracy Unit Will Be Funded Beyond June 2019

A report from a UK tabloid, which suggests that funding for the Police Intellectual Property Crime Unit might be in question, has been refuted by the Intellectual Property Office. The paper claims that the unit might be funded by industry players but commitments had “fallen through”. The IPO says that there are no such plans and it intends to continue funding the unit.

FIRS Lacks the Powers to Impose Turnover Assessment on the Value of Properties –  Federal High Court

FIRS Lacks the Powers to Impose Turnover Assessment on the Value of Properties – Federal High Court

On 29 November 2018, the Federal High Court (the Court) delivered a Judgment on the imposition of turnover assessment in a case between Theodak Nigeria Limited (Theodak) v Federal Inland Revenue Service (FIRS). Based on the Judgment, the FIRS acted ultra vires the powers granted to it under the Companies Income Tax (CIT) Act, by imposing turnover assessment on Theodak based on the value of its property.