In delivering his mini-budget 2022 (referred to by the government as its “Growth Plan”), the Chancellor has announced a wide ranging series of tax cuts and reforms, with a focus on incentivisation, investment and making Great Britain more competitive on the global stage. Key employment and pensions related announcements include the following: IR35 In a […]
UK mini-budget 2022 Read More »
With just 2 months to go until the changes to the IR35 regime come into force on 6 April, are you aware of what those changes will mean and do you have the necessary preparations in place? HMRC introduced IR35 (or the “off-payroll working rules”) in 2000 to tackle so-called “disguised” employment. It is designed
Are you ready for the impending changes to the IR35 regime? Read More »
On 21 July 2020, the UK Government published a policy paper and draft clauses for inclusion in the next Finance Bill (2020/2021) which provide an alternative post-employment notice pay (PENP) calculation in certain circumstances and make amendments to the UK tax treatment of PENP for non-UK residents. Alternative PENP calculation The current PENP rules can
Termination Payments: PENP Draft Legislation published Read More »
On 11 July 2019 the government published draft legislation (Draft Legislation) together with a summary of responses (Response Paper) to the policy paper and consultation document issued in March 2019 regarding proposed changes to the off-payroll working rules, commonly referred to as the IR35 regime, which apply to the private sector. The private sector IR35
The Chancellor has delivered the 2018 UK Budget. Whilst the number of employment tax related announcements were limited there were some significant changes proposed, most notably in relation to off-payroll working arrangements in the private sector. Set out below is a summary of the key announcements. Off-Payroll Working in the Private Sector As widely
UK Budget 2018: Employment Read More »
Employers who are planning to make termination payments to departing employees on or after 6 April 2018 need to be aware of important reforms which will take effect on 6 April 2018. The key point for employers to note is that the value of all notice periods not worked will become taxable and subject to
April 2018 tax reforms will impact on employers making termination payments Read More »
Following its consultation in 2015, the Government has now confirmed the changes which will be made in how termination payments will be taxed, and published draft legislation for comment. The changes will apply “from April 2018”. It is not clear at this stage whether payments pursuant to settlement agreements entered into before that time will
Termination payments – changes to the tax treatment Read More »
© 2024 DLA Piper. DLA Piper is a global law firm operating through various separate and distinct legal entities. For further information about these entities and DLA Piper's structure, please refer to the Legal Notices page. All rights reserved. Attorney advertising.
