Providing updates on all of the elements that make up an employee's total reward - how that is benchmarked, structured, designed and delivered.
This page is concerned with all of the elements that make up an employee's overall reward package - how that is benchmarked, structured, designed and delivered.
We focus not only on the regulatory environment in the UK - as it impacts the tax/NIC efficiency of certain benefits, e.g. cash and share based incentive schemes, pensions, company cars, holiday, mileage allowances, etc. - but also on providing insight around governance and regulation affecting decisions around reward. We also consider issues such as Total Reward and Flexible Benefits as ways of constructing and communicating reward to employees.
If you want to know more, or would like us to consider any particular topics, please get in touch.
HMRC has published further guidance on EMI working time declarations, and on deferring monthly SAYE savings
HMRC has published research that evaluates how tax advantaged EMI options are delivering for businesses.
HMRC has confirmed the tax treatment of EMI options granted between 6 April and 15 May 2018.
The ‘market value’ rule does not apply to shares acquired on the exercise of employee share options which may be settled in cash.
The European Commission announced on 15 May 2018 that is has renewed state aid approval of the EMI regime.
Companies should consider granting EMI options on or before 6 April 2018, or deferring grants until State Aid approval has been renewed.
ERS annual returns for 2017/18 should be filed online on or before 6 July 2018. HMRC ERS Online Services will accept returns only from 6 April, but employers should review the information required now in order to plan ahead of the reporting deadline.
The Education Secretary, Damian Hinds, announced on 13 March that employers can continue to offer CCV schemes to new entrants for a further six months.
The General Anti-Abuse Rule (GAAR) allows HMRC to counteract tax advantages that arise from ‘abusive’ arrangements. For these purposes, arrangements are ‘abusive’ if they cannot ‘reasonably be regarded as a reasonable course of action in relation to the relevant tax provisions’.
Our guide offers a broad overview of executive directors’ remuneration in FTSE 350 companies, including salary, pension, bonus and long-term incentives; as well as non-executive directors’ fees. It also provides insights into diversity across the executive population, alongside other current issues affecting remuneration.
The Supreme Court, in a unanimous decision, has dismissed the taxpayer’s appeal in what became known as the “big tax case”.
The Employment Related Securities (ERS) annual returns deadline has been extended to 24 August from 6 July following HMRC Online Services' IT glitch.
HMRC have announced certain changes to their proposals to extend the disguised remuneration rules.
The UK Government has issued its Green Paper setting out proposed updates to the corporate governance framework.
There were a number of updates from a people and pay perspective, following on from the latest round of consultations, together with the announcement of plans for further reviews and calls for evidence in 2017. From an employers' perspective, the main developments were centred around salary sacrifice, IR35, PAYE settlement agreements, and termination payments.
Mike Shimwell considers the interaction of the regulatory and legal environments to draw some conclusions on pension scheme funding in the current environment.
With pension schemes wondering if things can get any worse, we look at the market and wonder if things can get any better.
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