Tax for Employers & Executives
Working closely with our top ranked Employment team, we have extensive experience on advising on all aspects of reward and incentives from the design and implementation of equity and cash incentives to employment tax compliance.
Our work often has an international dimension and we regularly advise on the implications for internationally mobile employees.
Our client base ranges from small private businesses to listed multi-national companies across all sectors.
Whilst much of our work is acting for employers, we also have a strong reputation in advising senior executives. We can help them understand and assess the package they are being offered, whether on recruitment, during or on the termination of their employment or partnership, and can put forward alternatives which may be more beneficial to them from a tax perspective.
Find out more about our tax team’s expertise in Shares & Options, Cash Plans & Incentives, Employment Tax, Internationally Mobile Executives and Corporate Governance.
Taxation of termination payments updated legislation published19 September 2017
The Government proposes to make a number of changes to the tax and national insurance (“NI”) treatment of termination payments.
Clarification on tax changes for the public sector ‘off-payroll’ workers22 February 2017
HM Revenue & Customs has issued guidance on forthcoming changes to the IR35 rules where workers provide their services to a public authority through a personal services company (“PSC”), i.e. a company owned and controlled by the worker.
Tax treatment of termination payments – simplification at last?29 November 2016
The Chancellor’s Autumn Statement included some welcome news regarding the forthcoming reform of the tax and national insurance (“NI”) treatment of termination payments. The Government launched a consultation to simplify the rules in 2016.
New PAYE and NIC rules for ‘off-payroll’ workers in public sector confirmed29 November 2016
In May 2016, the Government published a consultation paper outlining proposals to amend the IR35 legislation for workers who provide services, via a personal services company (“PSC”), to a public sector engager, whether directly or through a third party (such as an employment agency or outsourcing firm).
Employee shareholders09 November 2016
With effect from 1 September 2013, the Government has introduced a new tax efficient way for employees to share in the growth of their employers – employee shareholder status.
Remuneration code - For banks, building societies and investment firms30 October 2016
The financial services industry has been the focus of wide-ranging reform over the past few years as a result of both UK Government and European initiatives. In January 2014, a package of reforms implementing the fourth set of amendments to the EU Capital Requirements Directive (“CRD4”) took effect.
Tax treatment of termination payments - the sting in the tail16 August 2016
In 2015, the Government launched a consultation to simplify the tax and national insurance (“NI”) treatment of termination payments. As previously reported, following that consultation the Government announced that it proposed to amend the rules with effect from 6 April 2018.
Remuneration in financial services - new rules on deferral and clawback29 June 2015
New rules on deferral and clawback of variable remuneration are set out in a joint policy statement issued by the Prudential Regulation Authority (“PRA”) and the Financial Conduct Authority (“FCA”). They will apply to variable remuneration awarded for performance periods beginning on or after 1 January 2016.