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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | July 2023
On June 30, 2023, HMRC published the latest edition of the Pension schemes newsletter.
The online annual allowance calculator has been updated to reflect the increase to the annual allowance, adjusted income and money purchase annual allowance for the 2023 to 2024 tax year.
Following the announcement in the Spring Budget 2023 that from April 6, 2023, the lifetime allowance charge would be removed, and fully abolished from the 2024 to 2025 tax year, HMRC has recognised the impact this would have on the payment of stand-alone lump sums. A stand-alone lump sum is a payment that represents all a member’s uncrystallized rights under a scheme.
The Government has amended the Finance (No. 2) Bill to make clear that any amount of a stand-alone lump sum over the April 5, 2023, maximum may still be paid to the member as a stand-alone lump sum and where there is an excess, this is subject to the member’s marginal rate of Income Tax.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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