Employment issues

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Employment issues guidance:

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 different types of...

Practice Note

On 23 June 2016, the UK held a referendum on its membership of the EU, with a majority voting in favour of the UK leaving the European Union (EU), also known as 'Brexit'....

Practice Note

The Consumer Credit Act 1974 (CCA 1974), the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Regulated Activities...

Practice Note

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

Practice Note

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

Practice Note

This Practice Note focuses on the additional statutory and regulatory requirements applicable to UK listed companies in relation to directors’ service contracts, covering...

Practice Note

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 absolute discretion’....

Practice Note

Leaver provisions and different types of scheme When drafting a set of share plan rules or option or award agreement, a company will wish to make clear what will happen...

Practice Note

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

Practice Note

Specific rules in the benefits code in ITEPA 2003, Part 3 apply to 'employment-related loans' and, in certain circumstances, impose income tax and NICs charges on...

Practice Note

The gender pay gap reporting obligations are set out in the following pieces of legislation: • Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, SI...

Practice Note

On 6 April 2017, the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (the Regulations), SI 2017/172 came into force. Under the Regulations,...

Practice Note

FORTHCOMING CHANGE: On 18 May 2018, HMRC published a consultation which looks at how best to tackle non-compliance with IR35 in the private sector. For more information...

Practice Note

The Companies Act 2006 (CA 2006) contains provisions that require loans from a company to its directors or persons connected with its directors and related arrangements...

Practice Note

The use of malus and clawback The concept of withholding or even recovering value from executives if a material adverse event occurs following the award of...

Practice Note

What is a Micklefield clause? It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of...

Practice Note

The Companies Act 2006 (CA 2006) contains provisions relating to payments made by a company to a director as compensation for loss of office. Shareholder approval is...

Practice Note

FORTHCOMING CHANGE: on 18 May 2018, HMRC published a consultation which looks at how best to tackle non-compliance with IR35 in the private sector. For more information...

Practice Note

Companies sometimes provide directors or employees with low interest (or interest-free) loans as part of the reward package or on specific occasions to help the...

Practice Note

The tax treatment of payments in lieu of notice (PILONs) fundamentally changed under the amendments to sections 402 to 404 of the Income Tax (Earnings and Pensions) Act...

Practice Note

Where an employee has potential claims against the employer under the Employment Rights Act 1996 (ERA 1996) or other employment legislation, or where the employee would...

Practice Note

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

Practice Note

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 an office or...

Practice Note

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

Practice Note

FORTHCOMING CHANGE: on 18 May 2018, HMRC published a consultation which looked at how best to tackle non-compliance with IR35 in the private sector. For more information...

Practice Note

The purpose of this Practice Note is to explain the key issues that arise in relation to employee share schemes on a transaction to which the Transfer of Undertakings...

Practice Note

The Transfer of Undertakings (Protection of Employment) Regulations 2006, SI 2006/246 (TUPE 2006) provide that, where there is a relevant transfer, there is a statutory...

Practice Note

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

Practice Note