Publication
Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
United Kingdom | Publication | February 2023
Ahead of the Budget on March 15, 2023, the Institute for Fiscal Studies has published its Blueprint for a better tax treatment of pensions in which it proposes:
The thinking behind these changes takes into account the current tax treatment of pensions, which is “exempt-exempt-taxed”. Essentially, contributions are tax free, as are investment returns, then withdrawals in the form of pension income are taxed. However, NICs are generally subject to more generous treatment and are effectively “exempt-exempt-exempt” throughout the pension process.
Comment
The IFS believes its proposals are more equitable. However, it remains to be seen whether the Government would be willing to shoulder the political cost of such radical tax changes.
A lesser measure that would be more palatable for the working population, particularly as the Government is encouraging people out of retirement and back to work, is the abolition of the money purchase annual allowance and the reinstatement of annual increases to the lifetime and annual allowances.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
Publication
On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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