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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 | February 2024
On February 13, 2024, HMRC published the second edition of its lifetime allowance guidance newsletter, which includes information about several changes that HMRC proposes to make to the provisions in the Finance Bill 2024, which will abolish the lifetime allowance and modify the pensions tax regime from the start of the 2024/25 tax year.
The newsletter sets out detail on transitional tax-free amount certificates, and guidance on how and when to apply for such certificates.
HMRC also notes that the legislation will be amended in regulations ahead of April 6, 2024, to remove the ‘permitted maximum’ for the pension commencement excess lump sum, which in some circumstances would have been far more restrictive than under the current regime. HMRC promises to provide further guidance and worked examples as soon as possible.
Several new FAQs have also been published in response to industry feedback.
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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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On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission and published in the EU Official Journal (Delegated Regulation (EU) 2023/2485 of 27 June 2023) (the Climate Delegated Act Amendment).
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