Expanding into the EEA or UK for the first time
UK on December 13th, 2022
What are the main considerations when expanding into the European Economic Area (EEA) or the UK for the first time? We have created a checklist of the top 10 considerations for a business taking its first steps in the EEA or UK. Tax and social security Hiring staff Expatriates Check Immigration rules How to incentivise […]
Dutch Government has announced its intention to limit tax relief on the 30%-ruling.
Netherlands on June 28th, 2022
Under the 30% ruling an employer can provide a tax-free allowance to qualifying employees recruited or seconded from abroad to cover expatriate expenses. The maximum tax-exempt allowance is set at 30% of the employee’s income that is subject to Dutch tax. The Dutch Government intends to introduce a maximum calculation base for the 30% tax free […]
CRD 3 and restrictions on remuneration in the financial services sector
on January 12th, 2010
STOP PRESS An amended version of CRD (the “Capital Requirements Directive”) 3 was published on 30 September 2010 by the Council of Europe. On 10 December 2010 the Committee of European Banking Supervisors (“CEBS”) published new guidelines on the Capital Requirements Directive (“CRD 3”). These new guidelines are covered separately in our “Breaking News – […]
Compensation & Benefits: Publication of proposals from EHRC to reduce gender pay gap – voluntary participation encouraged from employers “straight away”
on January 3rd, 2010
Last year we reported that the Equality and Human Rights Commission (“EHRC”) had been asked by the Government to review private sector pay arrangements in an attempt to increase transparency in the area of pay and narrow the pay gap between men and woman (see Related Article below). Following consultation the EHRC has published its […]
Compensation & Benefits: Total Reward – What does success look like?
on January 3rd, 2010
Total Reward has enormous potential to improve business performance through an engaged workforce, and it is being harnessed and utilised by many UK companies Recent research from both Thomsons and the CIPD (see links in Resources below) show a third of all UK companies have adopted this approach, and many think it is the future […]
Compensation & Benefits: New PAYE penalty regime from April 2010
on January 3rd, 2010
HMRC has issued a draft order providing that the new penalty regime for late payment of income tax under PAYE will come into force from 6 April 2010 PAYE penalties are not currently charged. However, given the ongoing drive by HMRC towards ensuring compliance, it is not surprising that a new penalty regime is being […]
Compensation & Benefits: UK Enterprise Management Incentives (“EMI”) schemes
on January 3rd, 2010
To become more attractive to non-UK companies Following on from the recent announcement by HM Revenue and Customs regarding a significant development concerning EMI schemes, the proposed amendment to the EMI legislation has been included in the Finance Bill 2010 and is intended to take effect from 6 April 2010. The change will relax the […]
Compensation & Benefits: An extra bank holiday in 2012!
on January 3rd, 2010
The government plans to create a one-time extra bank holiday on 5 June 2012 to mark Queen Elizabeth II’s Diamond Jubilee. In addition to the extra day of holiday, the existing bank holiday in late May will be moved to 4 June to form a long weekend of celebration. The extra holiday will currently only […]
Compensation & Benefits: Normal minimum pension age set to rise to 55 from 6 April 2010
on January 3rd, 2010
As a general rule a member of a UK registered pension scheme must reach a specified age before he can draw his pension, the normal minimum pension age (“NMPA”). This will rise from 50 to 55 on 6 April 2010. The rise in the NMPA will mean that any pension payment to a member from […]
Compensation & Benefits: Amendment to AIM rules to now require disclosure of directors’ remuneration
on January 3rd, 2010
On 15 December 2009, the London Stock Exchange published AIM Notice 35, detailing proposed amendments to the AIM Rules. On 17 February 2010, AIM Notice 36 was published with a new version of the AIM Rules, which are effective from this date It was proposed that AIM Rule 19 should be amended to require an […]