PENSIONS INVESTMENTS

The Registered Pension Schemes and Overseas Pension Schemes (Miscellaneous Amendments) Regulations, SI 2018/5, come into force on 30 January 2018 to introduce a requirement from 6 April 2018 for pension scheme administrators to notify HMRC when a scheme becomes, or ceases to be, a master trust sc

Nick Skerrett

Gary Barnett

The Supreme Court has held that a customer overcharged VAT by a supplier will not, generally, have a restitutionary right to recover that overcharged VAT from HMRC. Nick Skerrett and Gary Barnett (Simmons & Simmons) analyse the decision.

Simon Whitehead

Sarah Tulip

Simon Whitehead and Sarah Tulip (Joseph Hage Aaronson) consider the implications, and legality, of the new 25% tax on transfers to pensions outside the UK.

Lee Squires

Fiona Bantock

Lee Squires and Fiona Bantock (Hogan Lovells) provide your monthly review of recent VAT developments that matter.

James Ross

The Finance Bill hybrid mismatch legislation significantly expands the scope of the December draft legislation. James Ross (McDermott Will & Emery) reviews the changes.

Kevin Ashman

Suzanne Hill

Kevin Ashman and Suzanne Hill (Hogan Lovells) review the new ‘income based’ carried interest rules as set out in the Finance (No. 2) Bill and set out the key changes in the Bill from the draft legislation published last December.

The government has published a summary of responses to its consultation on possible reforms to pensions tax relief. The responses contained ‘considerable variation’ on the detail of how the government should apply relief through a number of suggested models.

The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order, SI 2016/435, maintains the automatic enrolment earnings trigger at £10,000 for 2016/17 and increases the upper limit of the qualifying earnings band for contributions to maintain alignment with the NICs lower and upper

Tim Smith (Eversheds)

David Smith

Tim Smith and David Smith (Eversheds) report on the changes already due to take effect from April and look ahead to the likely changes in next month’s Budget.