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  • Digital, Commerce & Creative 101: Implementing Electric Vehicle Schemes

    16 July 2024

    Employers are increasingly implementing salary sacrifice EV schemes, and with good reason! Not only can these schemes provide a (welcome) reduction in employer national insurance (NI) costs but they can reduce employee tax and NI, and provide staff with access to healthy discounts on the purchase price of EVs. They are also a convenient way for employers to help staff achieve a greener form of driving and can contribute towards an organisation’s own ESG goals. This type of ‘benefit’ can also be another way to help retain staff and to attract new talent, especially those for whom sustainability is an important factor in their choice of employer.

  • What is R&D tax relief?

    24 May 2024

    Many businesses incur expenditure on innovative projects. If any of those projects is seeking to make an advance in the fields of science or technology, the costs of that project may be eligible for R&D tax relief.

  • Out now: The Collective Quarterly - Issue 02 2024

    19 April 2024

    Welcome to our second issue of The Collective Quarterly which supports creative, innovative, tech and science rich businesses, to adapt and thrive in these rapidly evolving and challenging times. From our in-house expertise and contributions from strategic partners to our broader community of entrepreneurs, creators and innovators, we bring you the latest ideas, insights and innovations.

  • Talking Tax and Incentives: An introduction to share incentives

    Podcast

    18 April 2024

    Kathy Granby and Matthew Rowbotham, both Partners in our Tax, Rewards and Incentives team join us for the second in their podcast series to discuss share options and incentives.

  • IR35

    Inbrief

    03 April 2024

    The introduction of IR35 for the private sector took effect from April 2021 and represented the biggest change to employment tax for decades.

  • New Remuneration Code - For investment firms regulated under the Markets in Financial Instruments Directive

    Inbrief

    20 February 2024

    Since the 2007/08 financial crisis, as a result of both UK government and European initiatives, the financial services industry has been the focus of wide-ranging reform. A key aim of this reform is to align remuneration principles in the various sectors within financial services with a view to ensuring that policies and practices promote, and are consistent with, effective risk management.

  • Remuneration Codes – for banks, building societies and designated investment firms

    Inbrief

    19 February 2024

    This Inbrief provides an overview of the Remuneration Codes issued by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) – we refer to these collectively as “the UK Regulators”.

  • The Labour Party’s proposed reform to employment law - article series

    26 July 2023

    Our series of insights explore the Labour Party’s proposals to reform employment law and what these might mean for businesses and workers’ rights.

  • Labour party proposals to strengthen rights and protections – spotlight on employment status

    03 July 2023

    In this article in our series exploring the Labour party’s proposals to reform employment law in the event of a change in government at the next general election, we spotlight their proposals on employment status. If implemented, these proposals will have a significant impact on all businesses, but particularly those with flexible business models heavily reliant on workers.

  • Frequently asked questions on termination payments

    Inbrief

    29 March 2023

    Our FAQs Inbrief looks at some of the common tax questions that arise on termination of employment.

  • Lifting the cap

    21 December 2022

    One of the few proposals to survive from Kwasi Kwarteng’s Growth Plan in September 2022 is the abolition of the so-called bankers’ bonus cap. We take a look at the consultation paper that has just been published.

  • Tax rules for employment intermediaries - what this means for agencies and employment businesses

    Inbrief

    31 October 2022

    Over recent years a number of anti-avoidance measures have been introduced in a bid to tackle “disguised employment”. Disguised employment refers to those situations where arrangements are implemented to falsely treat employees or workers as self-employed, primarily to gain a tax or National Insurance Contributions (NICs) advantage.

  • IR35 reversal reversed!

    17 October 2022

    Plans to repeal IR35 tax-avoidance reforms in April 2023 have been scrapped as part of a major reversal of proposed tax cuts.

  • Gender pay gap reporting in Ireland – updated guidance clarifies some (but not all) tricky issues

    20 July 2022

    The gender pay gap reporting regulations in Ireland were published last month. Straight away, a number of issues with interpretation were apparent. The government has now clarified some (but not all) of these.

  • Court of appeal decision gives comfort on employment status for tax purposes

    26 May 2022

    The Court of Appeal has held that when determining employment status of an individual for tax purposes the contractual terms should not be disregarded unless they are unrealistic. This decision offers some comfort to businesses which engage self-employed contractors, including those in the gig economy.

  • Spring Statement 2022: Brevity is the Soul of Wit

    23 March 2022

    I’m a big fan of 90 minute films, 250 page books and exhibitions comprising precisely two rooms, so it should come as no surprise that I appreciated the Chancellor’s snappy Spring Statement which clocked in at around the 27 minute mark. We’re all busy (and there's not much to report), so my summary of the key tax announcements affecting businesses and entrepreneurs will follow that style.

  • Remuneration regime: consultation on material risk takers

    29 September 2021

    The Prudential Regulation Authority is consulting on changes to the identification of material risk takers for banks, building societies and PRA-designated investment firms

  • IR35 compliance checks: are your ducks in a row?

    23 September 2021

    Nearly six months on from the introduction of a new IR35 regime in the private sector, HMRC has started IR35 compliance checks in both the financial services and the oil and gas sectors.

  • How to structure employee remuneration packages after Covid-19?

    01 September 2021

    A principal concern for employers has always been finding the best way to retain and incentivise key staff. In the wake of Covid-19, with employers facing skills shortages, that concern has increased not only for key staff but also the wider workforce. With many businesses dealing with escalating costs and cash flow difficulties, how can employers ensure that their remuneration packages are competitive?

  • Sports Q&A - What do clubs, agents and players need to be aware of regarding payments of agents’ fees?

    28 April 2021

    In recent years, HM Revenue & Customs (“HMRC”) have ramped up their investigations into the tax affairs of the football industry with a particular focus on the tax treatment of agents' fees. According to research by the accountancy firm UHY Hacker Young, the number of footballers investigated by HMRC rose dramatically in the tax year 2019-20, going up from 87 to 246 individuals, and the number of investigations into the tax affairs of football agents also increased substantially, more than doubling from 23 in 2018-19 to 55 in 2019-20.

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