Insights & News

Tax on termination - employer NICs charges delayed

23 November 2017

Some good news for employers was confirmed in the Chancellor’s autumn Budget.

Extending ‘off-payroll’ worker reforms to the private sector

23 November 2017

The Chancellor announced in the autumn Budget that there will be a consultation in 2018 to tackle non-compliance with IR35 rules in the private sector.

Taxation of termination payments updated legislation published

19 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’ workers

22 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 confirmed

29 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).

Tax treatment of termination payments - the sting in the tail

16 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 clawback

29 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.

Bankers' bonuses: Curbing excess

Press

14 June 2013

In an article written for PLC Magazine, Colin Leckey, Victoria Goode and Ailsa Murdoch discuss a recent ruling that investment bank Dresdner Kleinwort must uphold a promise made at the height of the financial crisis to guarantee a minimum €400 million bonus pool to a group of bankers at its London office.