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Spring Budget 2020—Tax analysis

The following Tax news provides comprehensive and up to date legal information on Spring Budget 2020—Tax analysis

Draft Finance Bill 2019–20—Tax analysis

The following Tax news provides comprehensive and up to date legal information on Draft Finance Bill 2019–20—Tax analysis

Spring Budget 2020—views from the market

The following Tax news provides comprehensive and up to date legal information on Spring Budget 2020—views from the market

Share Incentives weekly highlights—14 January 2021

The following Share Incentives news provides comprehensive and up to date legal information on Share Incentives weekly highlights—14 January 2021

Featured Share Incentives content

Directors’ remuneration

Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a...

How CSOPs work and key features

This Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the eligibility...

Unapproved share options

What are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions have been met (such as the...

When is an SAYE scheme appropriate?

This Practice Note covers the following topics:•attractions of save as you earn (SAYE) schemes•can the company qualify to operate an SAYE...

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

9th Nov

Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...

9th Nov

Brexit

Practice notes

FATCA in the UK—the UK:US Intergovernmental Agreement: an outline

Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...

Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan

In-house

Practice notes

Nil paid and partly paid shares—tax treatment

Overview of nil paid and partly paid sharesThe opportunity to subscribe for or purchase shares nil or partly paid has been and continues to be a...

Produced in partnership with Simon Adams of RSM UK Tax and Accounting Limited 12th Jan

Practice notes

The Quoted Companies Alliance (QCA) Corporate Governance Code

The Quoted Companies Alliance (QCA) is an independent membership organisation that champions the interests of small to mid-sized quoted companies. One...

9th Nov

Practice notes

Comparison of UK and US share incentive arrangements

Companies in both the US and the UK have a long history of involving employees in equity ownership, and both countries have provided tax breaks and...

Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 12th Jan

Practice notes

Growth shares—practical examples and comparisons with options

What are growth shares?Growth shares, also known as value shares or hurdle shares, are a specially constituted class of shares which have restricted...

9th Nov

Practice notes

Long-term incentive plans—income tax and NICs treatment

Types of LTIP awardsThe most common type of awards that can be made under a long-term incentive plan (LTIP) include:•conditional share awards (which...

Produced in partnership with Jeremy Edwards of Baker McKenzie 12th Jan

Practice notes

Unapproved share options—tax treatment

Specific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7, Chapter 5) (ITEPA 2003)) apply to...

9th Nov

Most recent Cash schemes and employment issues content

Practice notes

Incentivising partners in a partnership structure

IntroductionPartnerships of all sizes often struggle to devise a remuneration structure for their partners that is fair, rewards the 'right'...

Produced in partnership with Tony Williams 15th Jan

Practice notes

Termination payments and tax

The taxation of termination payments underwent a substantial reform in 2018. Consequently, since 6 April 2018, the tax (and National Insurance...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Writing off loans to directors or employees

Companies sometimes provide loans to directors or employees as part of the reward package or on specific occasions to help the individual meet...

15th Jan

Practice notes

Termination payments taxed as earnings

Depending on the circumstances, a payment made or other benefit provided in connection with the termination of an office or employment may be taxable...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Termination payments qualifying for £30,000 exemption

The first question in respect of any termination payment or benefit is whether it is taxable on basic principles as earnings from or an emolument of...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Employee share schemes—dealing with leavers

What are leavers?Departing individuals are known generically as ‘leavers’ but the reason behind the departure will usually result in different...

Produced in partnership with Jenny Wheater of Duane Morris LLP 15th Jan

In-house

Practice notes

Age discrimination and employee share schemes

The purpose of this Practice Note is to explain the key age discrimination issues that can arise in relation to the design and operation of various...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Discretions in employee share schemes

What are discretions in employee share schemes?It is common to see contracts include powers for a party to determine a particular matter ‘in its...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Salary sacrifice—basic principles

Coronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19), HMRC announced the Coronavirus job...

Produced in partnership with Lewin Higgins-Green of FTI Consulting and Philip Swinburn of Macfarlanes 15th Jan

Practice notes

Types of salary sacrifice

Coronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19), HMRC announced the Coronavirus job...

Produced in partnership with Lewin Higgins-Green of FTI Consulting and Philip Swinburn of Macfarlanes 15th Jan

Practice notes

Implementing a salary sacrifice

Coronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19), HMRC announced the Coronavirus job...

Produced in partnership with Judith Hogarth of Excello Law 15th Jan

Practice notes

Gender pay gap reporting and employee share schemes

Coronavirus (COVID-19): On 24 March 2020, the Government Equalities Office and Equality and Human Rights Commission announced that, due to the...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Bonuses—Considerations when designing executive bonuses

In recent years, the annual bonus structures for executives have come under particularly close scrutiny, causing remuneration committees to rethink...

15th Jan

Practice notes

Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) and share incentives

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

Produced in partnership with Sam Whitaker of Shearman & Sterling 15th Jan

Practice notes

Tax implications of salary sacrifice

Coronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19), HMRC announced the Coronavirus job...

Produced in partnership with Lewin Higgins-Green of FTI Consulting and Philip Swinburn of Macfarlanes 15th Jan

Practice notes

Directors’ remuneration report

This Practice Note covers the statutory, regulatory and corporate governance framework for directors’ remuneration reports (including the directors’...

15th Jan

Practice notes

Directors’ remuneration—quoted and unquoted traded companies

This Practice Note outlines the regulatory framework for remuneration of directors of quoted and unquoted traded companies against the current...

14th Jan

Practice notes

Brexit and IP completion day—implications for employment lawyers

UPDATE (12/01/2021): National Insurance and social security: The EU and the UK agreed a framework for coordination on social security as a protocol to...

14th Jan

Brexit

Practice notes