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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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