Fondos de gestión de activos y derecho de inversión de capital

Artículos Recientes

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  15.03.2023

  United Kingdom

  Sp­ri­ng Bu­d­get 2023 – key tax po­li­cy an­nou­n­ce­me­n­ts

  Today’s Spring Budget speech focused on moving the UK economy into growth mode. With the increase in the main rate of corporation tax to 25% on the horizon and fast-approaching, the Chancellor turned to reliefs rather than rate cuts to demonstrate his commitment to incentivising investment in the UK. For most businesses, the “headline” announcement in this area will have been the introduction of a generous full-expensing regime for capital allowances, but other important measures include the permanent increase to the Annual Investment Allowance, reforms to Research & Development...

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  07.02.2023

  United Kingdom

  HM­RC up­da­te gui­da­n­ce on whe­ther of­f­sho­re unit tru­s­ts are re­qui­red to re­gi­s­ter on the Tru­st Re­gi­s­t­ra­tion Se­r­vi­ce

  HMRC have updated their Trust Registration Service (“TRS”) manual to state that unauthorised unit trusts (such as JUTs and GUTs) will need to consider whether they are required to register trust details on the TRS. Previous guidance stated that “unit trusts both authorised and unauthorised are not required to register”. We understand that the reason for this change is that, previously, HMRC had considered unit trusts not to be “express trusts”. If trustees have no UK tax liability, they will only be required to register trust details on the TRS if the trust is...

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  28.12.2022

  Reino Unido

  FCA ou­t­li­nes pla­ns for the in­t­ro­du­c­tion of a re­gu­la­to­ry ga­te­way for fi­r­ms whi­ch ap­p­ro­ve fi­na­n­cial pro­mo­tio­ns

  Following HM Treasury’s proposal to prohibit authorised firms from approving financial promotions from unauthorised persons, unless they have successfully passed through a new “regulatory gateway” process operated by the Financial Conduct Authority (FCA) (see our summary here), the FCA has now published its own consultation paper (CP 22/27) on this topic. CP 22/27 outlines the FCA’s plans to operationalise the regulatory gateway once the relevant legislation currently set out in the Financial Services and Markets Bill (see our summary here) has been made. Background Under...

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  22.12.2022

  Reino Unido

  Ele­c­t­ri­ci­ty Ge­ne­ra­tor Le­vy: dra­ft le­gi­s­la­tion pu­b­li­shed

  The UK government has published further details of the new electricity generator levy (or ‘EGL’), together with draft legislation to be included in Finance Bill 2023. The legislation and accompanying explanatory notes together with the revised technical note provide clarification as to the application of the levy, but also include important changes in its scope and calculation. This article briefly summarises the key points of clarification and changes from the original November announcement (as described in our previous article. Reminder: scope of the EGL The levy will be charged at...

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  28.11.2022

  England and Wales

  New co­de of co­n­du­ct for ESG ra­ti­n­gs and da­ta pro­vi­de­rs

  The appetite for environmental, social and governance (ESG) focused financial products and services gathers pace. At the same time, financial services firms are under increasing scrutiny for "greenwashing", which refers to false claims of how "green" or socially-focused a financial product or service may be. Many firms are making their ESG claims heavily reliant on the use of unregulated ESG data and ratings providers. This is particularly problematic as data availability and ESG resources can be challenging. There is often frustration from financial services firms at some ESG data and ratings...

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  18.11.2022

  Reino Unido

  New ele­c­t­ri­ci­ty ge­ne­ra­tor le­vy in­t­ro­du­ced

  The UK government has announced the introduction of a windfall tax on certain electricity generators in the form of the ‘electricity generator levy’, a new 45% tax levied on ‘extraordinary returns’ from low-carbon UK power generation meeting certain conditions. The levy will apply in addition to corporation tax, resulting in a 70% headline rate on the relevant revenues following 1 April 2023. It will be legislated for in the Finance Bill 2023 and take effect in relation to generation from 1 January 2023 until March 2028, and is forecast to raise £14.2 billion during...

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