Tax, Rewards & Incentives
Navigating this complex and constantly evolving area presents real challenges for many businesses, entrepreneurs and executives alike, but the benefits – financial and otherwise – of getting tax, rewards and incentives right can be substantial.
Whether structuring business sales in a tax efficient manner, implementing sophisticated bonus schemes or equity arrangements for staff, or co-ordinating tax arrangements for cross-border transactions, the possibilities – and potential pitfalls – are many and varied.
We guide our clients through the complexities and technicalities in a clear and down to earth way. Our skills lie in disentangling the issues so that our advice is straightforward and business-friendly, helping you to achieve your commercial aims in a way which minimises risk and maximises efficiency.
Advising individuals and businesses ranging from multinational blue-chip corporates to SMEs, our expertise spans areas as diverse as tax and VAT planning, property transactions, pensions taxation, partnership structures, staff incentives, investment and funding issues, restructurings, and international tax considerations to address any challenge you may face.
Spring Statement 2022: Brevity is the Soul of Wit23 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 takers29 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.
New Remuneration Code - For investment firms regulated under the Markets in Financial Instruments Directive02 September 2021
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.
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?
Remuneration codes - For banks, building societies and investment firms20 August 2021
Since the 2007/08 financial crisis, the financial services industry has been the focus of wide-ranging reform as a result of both UK government and European initiatives. For banks, building societies and designated investment firms the latest reforms, implementing the fifth set of amendments to the EU Capital Requirements Directive (CRD V), took effect for performance periods beginning after 28 December 2020.
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.