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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 | aprile 2022
HM Treasury has announced that planned payments to fix the “net pay anomaly” will be delayed by a year.
Low earners have to date missed out on 20% government top-ups to their pension contributions if they happen to be enrolled in pension schemes using a net pay arrangement. By contrast, low earners in schemes using relief at source receive the top-up. This so-called net pay anomaly predominantly affects women.
The Government announced in the 2021 autumn Budget that it would fix this issue and achieve equal outcomes by paying top-up amounts directly to affected individuals (i.e. low earners in schemes using net pay arrangements) for the tax year 2024/25 onwards. It intended to pay the first top-up amounts in 2025/26.
The Treasury now says that the timetable is being delayed due to practical obstacles such as complex IT changes being needed. The first top-up payments will still relate to pension contributions made in the tax year 2024/25 but are now likely to be paid a year later than planned, in 2026/27.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
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