Tag Archives: tax

UK: Tax evasion – New corporate criminal offence of failure to prevent facilitation of tax evasion

Two new corporate criminal offences of “failure to prevent” the facilitation of UK and foreign tax evasion, contained in the Criminal Finances Act 2017, came into force on 30 September 2017. A body corporate or a partnership (a “relevant body”) … Continue reading

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Filed under Jurisdiction: UK

UK: Gig economy- Taylor Review released

The Taylor Review of Modern Working Practices “Good Work” was published yesterday. It considers how technology platforms have impacted working practices and the rights of workers, and examines whether our current legislative and regulatory framework is fit for purpose. The … Continue reading

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Filed under Employment status (including agency workers, casual workers, use of contractors and 'dispatch' arrangements), Jurisdiction: UK

Australia: Have you updated your salary sacrifice policy?

Employers may need to review their salary sacrifice policies as from 1 July 2017 due to changes to the superannuation rules. The most significant change is that, from 1 July 2017, employees will be able to make personal superannuation contributions … Continue reading

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Filed under Jurisdiction: Australia, Remuneration (including bonus and incentive plans)

UK: Autumn Statement – taxation on termination payments and salary sacrifice

Our July-August 2016 ebulletin highlighted HMRC proposals to change the taxation of termination payments from April 2018, and in particular to provide that all payments in respect of unworked notice be treated as earnings subject to income tax and employer … Continue reading

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Filed under Jurisdiction: UK, Termination of employment

UK: Consultation on changes to taxation of salary sacrifice

HMRC is consulting until 19 October 2016 on restricting the use of salary sacrifice for the provision of benefits in kind with effect from April 2017. As previously announced, employer pension contributions, employer-provided pension advice, employer-supported childcare, provision of workplace nurseries, … Continue reading

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Filed under Jurisdiction: UK, Workplace flexibility and family-friendly rights

UK: Consultation on draft legislation reforming taxation of termination payments

HMRC has published its response to its 2015 consultation on simplifying the taxation of termination payments, together with draft legislation for further consultation until 5 October 2016. The consultation confirms the following changes will be made from April 2018: All … Continue reading

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Filed under Jurisdiction: UK, Termination of employment

UK: New publications – data transfer, discriminatory adverts, autism, bonus tax avoidance schemes

The Information Commissioner's Office has issued interim guidance following the publication of the proposed EU-US Privacy Shield framework to facilitate the transfer of personal data from the EU to the US (see here). The ICO helpfully confirms that it is … Continue reading

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Filed under Data protection and privacy, Jurisdiction: UK, Remuneration (including bonus and incentive plans), Resources, Workplace culture, diversity and discrimination (including bullying and harassment)

UK: Budget 2016 – key announcements for employment law

The 2016 Budget delivered by the Chancellor on 16 March includes the following: From April 2018, the Government will tighten the scope of the income tax exemption for payments on termination of employment "to prevent manipulation" and will also align … Continue reading

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Filed under Jurisdiction: UK, Termination of employment, Workplace flexibility and family-friendly rights

UK: Tax on termination payments – injury to feelings payments are taxable

The Upper Tribunal has ruled that a payment in respect of injury to feelings due to a discriminatory dismissal is taxable in the same way as other payments in connection with termination and does not come within the exception for … Continue reading

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Filed under Jurisdiction: UK, Termination of employment, Workplace culture, diversity and discrimination (including bullying and harassment)

UK: Autumn statement – employment law announcements

The Autumn Statement by the Chancellor on 25 November 2015 included the following:

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Filed under Jurisdiction: UK, Remuneration (including bonus and incentive plans), Workplace flexibility and family-friendly rights