News

11 December 2014

Cutting the red tape: Autumn Statement tax update for HR professionals

The Government has published the first draft of the Finance Bill 2015 which includes most of the legislative measures announced by the Chancellor in his Autumn Statement.  Thankfully there are…

2 December 2014

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

Summary The Financial Reporting Council has published final revisions to the UK Corporate Governance Code which will apply to UK listed companies for accounting periods starting on or after 1…

2 December 2014

Employee bonuses—Court of Appeal upholds avoidance schemes

This article was first published by Tax Journal on 9 May 2014 To what extent can the Ramsay principle be applied to tax avoidance schemes involving employee bonuses?  In Revenue and…

2 December 2014

Compensation Arrangements on a Flotation

A flotation can be a momentous stage in a company’s development and also for its people. Ensuring employees are appropriately incentivised and retained both before and after a flotation is…

2 December 2014

Shared Parental Leave – To Share Or Not To Share?

The Shared Parental Leave Regulations are heralded by the Government as a way of changing the working culture and helping businesses make the best use of women’s talents.  But is…

2 December 2014

Vince Cable targets ethnic minorities

A progress report published by the Cranfield School of Management has confirmed that the FTSE 100 is collectively on track to meet its 25% target for women on boards by…

13 December 2013

Another victory for the UK Revenue against income tax avoidance

The UK tax authorities have achieved a significant victory in their battle to crack down on tax avoidance schemes involving employee remuneration. These schemes seek to take advantage of loopholes…

6 December 2013

Autumn statement 2013: Good news for employee share ownership and other welcome tax breaks

The Chancellor’s Autumn statement provides some welcome news for both employers and employees.  Many of the employment tax measures reflect the government’s priorities of promoting employee share ownership, simplifying the…

1 November 2013

Serious Fraud Office brings its first prosecution under the Bribery Act 2010 with more to come

Two years after the Bribery Act 2010 coming into force, the Serious Fraud Office (“SFO”) has started its first prosecution under the Act. The facts The charges are against three…

1 November 2013

Employee shareholder status implemented from 1 September 2013

From 1 September 2013, employees will be able to receive shares in their employer tax free in exchange for giving up certain employment rights. The new law As we reported…