Following the global banking crisis, much has been detailed in the press regarding corporate governance for banks and financial institutions. […]
Category: UK News
Imminent changes to UK Immigration system require immediate action
This Alert is essential reading for organisations that employ non EU nationals in their UK workforce. From the end of November the current UK work permit scheme will be replaced with a new points-based qualifying system. From the end of November employers who wish to employ non-resident workers in the UK will require a license […]
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Employment: Proposed Equality Act: Codes and new guidance in development by EHRC
In anticipation of the current Equality Bill coming into force, the Equality and Human Rights Commission (“EHRC”) has been working on producing associated statutory Codes of Practice together with non-statutory guidance. […]
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Compensation & Benefits: Incomplete disclosure of facts may result in both formal and informal tax rulings being withdrawn
In a recent VAT case, the High Court has ruled that taxpayer’s application for judicial review of HMRC’s decision to withdraw its VAT ruling with retrospective effect, because the taxpayer had failed to make a full and accurate disclosure of material facts, should be dismissed. […]
Compensation & Benefits: Enterprise Management Incentives (“EMI”) schemes
HMRC has recently announced two significant developments concerning EMI schemes. In particular, a greater number of companies will now be able to take advantage of tax-favourable EMI schemes. […]
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Compensation & Benefits: HMRC issues new guidance on Share Incentive Plans
On 29 January 2010, HMRC issued new guidance in its Employee Share Schemes User Manual on the operation of SIPs. […]
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Compensation & Benefits: EU Commission now narrows Prospectus Directive exemption for employee share schemes
Soon after announcing a blanket exemption the EU has revised its proposals […]
Compensation & Benefits: Amendment to AIM rules to now require disclosure of directors’ remuneration
On 15 December 2009, the London Stock Exchange published AIM Notice 35, detailing proposed amendments to the AIM Rules. […]
Employment: New legal right to request time off to train
The Apprenticeships, Skills, Children and Learning Act 2009 (the “Act”), the main provisions of which come into force for businesses with 250 or more employees in April 2010, will give certain qualifying employees the right to request time off from work to train or study. […]
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Compensation & Benefits: Childcare vouchers to loose tax and National Insurance Contribution exemptions
Employers should take advantage of the scheme now to secure the tax and NIC advantages to 2015 […]