TLT LLP

On 12 July 2024, the Payment Systems Regulator (the PSR) published its policy statement The Faster Payments APP scams reimbursement requirement: compliance and monitoring July 2024 (the Policy Statement). The Policy Statement follows PSR’s consultation paper – The FPS APP scams reimbursement requirement: compliance and monitoring. Why is this important? Business stakeholders will be considering the Policy Statement to identify the operational steps that need to be taken to comply with the mandatory reimbursement requirement ahead of 7 October 2024. In this insight, we share the key points of the Policy Statement, and highlight what it means for you. Read more on our website, and get in touch with our experts, to discuss further. https://lnkd.in/ev_V9Kzg Alanna Tregear Ben Cooper Richard Hayllar Kaileigh Hunter

The FCA released its findings on 18 July 2024 from its review of the treatment of politically exposed persons and concluded that banks, payment firms, lenders and other financial firms need to do more to ensure MPs, public servants and their families are treated fairly. Economic Crime Partner Ben Cooper looks at the key points not to miss, including the required action that the FCA expects from all firms and the consultation on PEP guidance. Read the full article here: https://lnkd.in/egqquzQd

What are the most significant ways businesses can make an impact with their sustainability and decarbonisation initiatives?   Our Head of Future Energy and Real Estate, Maria Connolly, speaks with Green Britain Foundation Trustee, Helen Taylor, to breakdown what can seem like a pretty complex subject, into the three main areas that contribute to 80% of our carbon emissions:  energy, transport, food.      Watch the full video here:   https://lnkd.in/e2ipevRh #SustainableBusiness #CarbonReduction #ClimateAction

Read the fifth article of our ‘Tax in 2024 for the Future Energy Sector’ series, providing an overview of the capital allowances full and partial expensing rules 👇 Mark Braude, Partner in our corporate tax team, answers key questions, including: - What has changed in the capital allowance rules? - What is full expensing? - What is partial expensing? - When can these allowances be claimed?   Read the full article, and discover the rest of the series, on our website: https://lnkd.in/eWr43bQt

On 28 June 2024, the Court of Appeal handed down its decision in the case of CG Fry v Secretary of State for Levelling Up, Housing and Communities. Managing Associate Kate James takes a closer look at the case in more detail, including the grounds of appeal and the implications. Read the full article here: https://lnkd.in/eTQUrNx5

The ‘Two Fund Trust’ Will is a way of structuring a Will that (on death) can give a family access to double the tax relief available on business assets, most notably a share in a family business. In this article Jacob Cork explains who this type of Will is for, and how the planning can work to double the tax saving. Read more here: https://lnkd.in/edYJ45f3

💡 The Moveable Transactions (Scotland) Act is expected to have a significant positive impact on fund finance transactions in Scotland. The Act received royal assent in June 2023 and is anticipated to come into full force this year. Euan Cluness writes for The Scotsman explaining what the Act is, how it will impact businesses in Scotland and the benefits it will provide for funders and businesses a like. Read the full article 👉 https://lnkd.in/g2G_AQB2 #Finance #MoveableTransactionAct #MoveableTransactions

💻 A new AI bill is expected to be announced in the King’s speech this week, however until the scope of the new legislation has been agreed it remains important for regulators to continue their work in identifying emerging risks and developing detailed guidance for their sectors. In this article for the Privacy & Data Protection journal, Partner Gareth Oldale and Knowledge Lawyer Emily Holdsworth compare recent updates from some of the key regulators on their strategic approach to AI. Read the full article here:  https://lnkd.in/eS2yJyd4 #AI #AIRegulation

📰 In February, the government introduced a milestone legislation, as part of the Environment Act 2021, aimed at ensuring wildlife habitats are left in a better state than before development to support nature's recovery. Following the introduction of the new legislation, developers in England are required to deliver 10% biodiversity net gain when building new houses and commercial developments. There are a number of ways developers can achieve this, including purchasing offsite biodiversity net gain units that are maintained by a landowner / land manager for a minimum of 30 years. 🍃 Future energy partner David Miller and director of estates and natural capital at Belmont Estate Gil Martin, review the legal and pricing practicalities as well as the benefits of selling offsite biodiversity net gain units in an article published in EG. To find out more, read the full article online (register to read) ▶ https://lnkd.in/evyyne54 #BiodiversityyNetGain #RealEstate

🧠 Alongside our new neurodiversity network, we’ve now announced further support for our colleagues, including a fully funded assessment, diagnostic and support package. Our neurodiversity network is our sixth employee network, helping neurodivergent colleagues meet, share advice, and provide mutual support. The support package includes a range of measures, recognising the varied challenges facing neurodivergent colleagues and acknowledging individual needs. Alongside access to assessment and diagnosis for our people and their partners and children, we’re also developing a toolkit with neurodiversity experts to enable discussion and encourage education. Learn more about what some of our neurodiversity network members think about the support package below. 🔗 Or read the full press release on our website to discover more about the support we’re now offering: https://lnkd.in/em8HpPdQ