UK tax authorities crackdown on remuneration tax avoidance

In February 2016, the UK tax authorities (HMRC) announced that they will be cracking down on certain types of remuneration arrangements which seek to convert what would otherwise be taxable employment income into capital gains. […]

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Highlights for HR professionals from the draft Finance Bill 2016

The draft Finance Bill 2016 was published on 9 December 2015 and contains a number of provisions that will be relevant to HR practitioners. These provisions implement the changes announced in the Government’s Summer Budget and Autumn Statement and will take effect from 6 April 2016. […]

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Autumn Statement 2015: Main points to note for UK employers

Following the tax announcements of the Summer Budget in July of this year, yesterday’s Autumn Statement focussed mainly on the Government’s Spending Review. However, it did also contain a few significant tax-related changes that will impact HR practitioners. […]

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Gender pay gap reporting now to include bonuses

The Government has announced that new legislation requiring companies to report on their gender pay gap will include an obligation to provide information on bonuses awarded to both men and women. Scrutiny will be placed on the criteria on which bonuses are awarded, to ensure they are fair and equal. […]

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Summer Budget 2015 – Key announcements relevant to UK Employers

The second budget of 2015 in many ways continues previous trends as the UK government looks to incentivise people into work, reduce state benefit and deficit bills and promote the UK as “open for business”. However there was one major surprise announcement impacting employers with the introduction of a new National Living Wage. Aside from this headline grabbing measure we saw a continued focus on reducing tax reliefs for the highest earners and the crack down on tax avoidance. […]

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Directors’ remuneration: FRC publishes revisions to UK Corporate Governance Code

The Financial Reporting Council published final revisions to the UK Corporate Governance Code which applies to UK listed companies for accounting periods starting on or after 1 October 2014. […]

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