Tag Archives: tax
TUPE: payments for loss of pension rights should be separated out from payments to continue in employment
The Court of Appeal has confirmed that payments to employees on a TUPE transfer made partly to compensate for the loss of pension rights and partly as an incentive for the employees to work willingly and without industrial action were … Continue reading
Filed under Jurisdiction: UK, TUPE
VAT and salary sacrifice: revised HMRC approach from January 2012
HMRC has stated that, from 1 January 2012, employers must account for output tax on the supply of VAT able benefits provided under salary sacrifice arrangements.
Filed under Remuneration
HMRC tax concession for legal fees on termination
Earlier this year the HMRC codified the tax concession (ESC A81) for legal fees on termination (see our March 2011 ebulletin). The drafting appeared inadvertently to withdraw the concession where settlement is achieved through an Acas-conciliated COT3 rather than a … Continue reading
Filed under Termination of employment
Tax: problems with concession for legal fees on termination
Currently an extra statutory concession provides that an employee’s legal fees in connection with the termination of employment are tax-free if they are paid by the employer to the employee’s lawyer under the terms of a settlement agreement, or are … Continue reading
Filed under Termination of employment
Red tape day: employment law changes April 2011
Key employment law changes coming into force in early April 2011 have been announced: Retirement: last chance to act tomorrow New paternity rights Equality Act: positive action and statutory codes Employment tax changes Statutory rates Changes not going ahead
Tax: treatment of post-P45 payments
Our December ebulletin noted the HMRC’s intention to change PAYE regulations and require employers from 6 April 2011 to apply the usual basic, higher and additional tax rates (without taking personal allowances into account) to post-P45 payments. The draft regulations … Continue reading
Filed under Termination of employment