Tag Archives: tax

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 Employment law reforms, Family-friendly rights, Jurisdiction: UK

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 Employment law reforms, 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, Discrimination and equal pay, Jurisdiction: UK, Remuneration, Resources

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 Family-friendly rights, Jurisdiction: UK, Termination of employment

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 Discrimination and equal pay, Jurisdiction: UK, Termination of employment

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 Employment law reforms, Jurisdiction: UK

UK: Consultations on tax treatment of termination payments, IR35 and Sunday trading

The Summer Budget announced a number of forthcoming consultations which have now been published: The HMRC consultation on simplifying the tax and NICs treatment of termination payments, for views by 16 October 2015, is available here. The proposals include: to … Continue reading

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Filed under Employment law reforms, Jurisdiction: UK

Spain: Bill amending Personal Income Tax and other tax regulations

A Bill published in the Spanish Official Gazette on 20 June 2014 is currently being negotiated and discussed by Spanish Congress. The Bill will amend certain provisions applicable to Spanish Personal Income Tax, the most significant for this newsletter being … Continue reading

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Filed under Jurisdiction: Spain, Remuneration

UK: New publications

HMRC has updated guidance on IR35 concerning the use of intermediaries such as personal service companies.

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Filed under Employment status, Jurisdiction: UK, Resources