Managed Metadata Column '&' issue with OData Query (SPFX)

After bit of research it is quite straight forward to do a OData Query such as below to use Taxonomy columns in the query:

&$filter=((TaxCatchAll/Term eq 'term label text'

A not so documented/blogged issue is the fact that Term Store does not use Ampersand(&) with the URL encoded value of "%27" in data labels. Instead it uses ＆ with an encoded value of "%EF%BC%86%".

So a simple replace such as below should get you the results you expect:

replace(/&/g, "＆")