News

15 March 2012

Change to way tax is withheld from post-termination share based earnings

From 6 April 2012 the 0T tax code must be applied to payments arising from employment related securities made after the form P45 has been issued following the termination of…

15 March 2012

Court highlights shortcomings of non-solicitation clauses

The limitation of post-employment non-solicitation restrictions on departing employees are highlighted by the High Court’s decision. Background The case involved Towry Law, (a financial services company). A number of employees,…

1 March 2012

Considerations for employers – the VAT implications for employee benefits

Employers need to carefully consider the cost implications of providing benefits in kind to employees following the introduction of VAT on several benefits offered via salary sacrifice from 1 January…

29 February 2012

High Pay Centre launched to monitor executive pay

Following announcements by Vince Cable, the Business Secretary, a new independent think tank has been launched to monitor executive pay. The High Pay Centre’s responsibilities include monitoring pay “at the…

29 February 2012

Tribunal held HMRC not entitled to carry out enquiry beyond standard enquiry period

The First Tier Tribunal held in favour of a taxpayer who had given HMRC details of a damages payment received but had omitted to declare this in his tax return,…

24 February 2012

Turning the spotlight on HMRC’s Spotlights

HMRC’s attitude towards tax planning arrangements is well known by most employers. However, employers may well be less familiar with the “Spotlights” section on HMRC’s website. Spotlights Spotlights focuses on…

24 February 2012

Illegal working – naming and shaming

The UK Border Agency ("UKBA") has announced that it will publish quarterly reports which will name employers who receive 2 or more penalties for employing illegal workers. Preventing illegal working…

15 February 2012

HMRC announce a reprieve for form P45

As part of the implementation of real time information HMRC had previously announced that the form P45 was to be replaced by a ‘leaver statement’. HMRC had looked to replace…

15 February 2012

Increase in employment tribunal award limits and statutory payments

From 1 February 2012 there will be an increase in the amounts payable on certain employment tribunal awards and other amounts payable under employment legislation. These increases only apply where…

15 February 2012

Employment aspects of the revised City Code on Takeovers and Mergers (the ‘Takeover Code’)

Following a review of the Takeover Code a number of changes were made. Provisions affected by these changes include those relating to employee information rights and buyer intention statements. Background…