All Tax and legislation articles – Page 29
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ArticleGovernment publishes draft legislation on limitations of salary sacrifice tax advantages
The government has published draft legislation on the limitation of tax and employer national insurance contribution (NIC) advantages where benefits are offered through a salary sacrifice arrangement or where the employee is provided with a choice between a benefit in kind (BIK) and cash allowance.The draft legislation has been published ...
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ArticleGovernment to review how benefits in kind are valued
Autumn Statement 2016: The government has announced it is to consider how benefits in kind are valued for tax purposes.According to the supporting documentation to the Autumn Statement, which was announced by Chancellor Philip Hammond today (23 November), this will include a call for evidence on the valuation of benefits ...
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ArticleGovernment to abolish employee shareholder status tax advantages
Autumn Statement 2016: The tax advantages awarded under employee shareholder status (ESS) will be abolished from December 2016.The tax advantages that are linked to ESS-provided shares will be abolished for arrangements entered into on, or after, 1 December 2016, with the status itself being closed to new arrangements at the ...
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OpinionSean Nesbitt: Uber by numbers – what next for worker status?
The Uber judgment is only the end of the beginning for the gig economy and the debate on worker status. You would need an algorithm to track the implications. Here are some:3-4: Months for an appeal to get to the Employment Appeals Tribunal. A speedy hearing is possible, but up ...
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ArticleGovernment committee launches inquiry into worker rights in the future world of work
The government has launched an inquiry into the future world of work, focusing on the working practices, status and rights of agency staff, self-employed individuals and those working in the gig economy.The inquiry, led by The Business, Energy and Industrial Strategy Committee, centres on issues such as low pay and ...
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Article49% are concerned about the impact of Brexit on total reward
Almost half (49%) of employer respondents are concerned about the impact of Brexit on total reward, according to research by Willis Towers Watson.Its survey of 196 organisations, conducted in July 2016, also found that 49% of respondents are concerned about how Brexit will affect employee engagement and communication.The research also ...
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OpinionAkshay Choudhry: Uber test case could disrupt UK's burgeoning gig economy
In July, the Central London Employment Tribunal heard evidence concerning the employment status of two Uber drivers in a test case that could have a significant bearing on the rights of the tens of thousands of Uber drivers in the UK, and potentially countless others working in ...
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OpinionMarc Meryon: On-demand economy raises questions around workplace rights
New working models emerging from the digital, on-demand economy have given rise to a wave of tribunal cases, with individuals looking to establish the extent of their workplace rights.Earlier this year, four cycle couriers, supported by the Independent Workers’ Union of Great Britain, launched claims in the London Central Employment ...
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ArticleWhat should employers watch for after the EU leave vote?
On 23 June, the UK electorate voted to leave the European Union (EU).Since the result of the referendum was announced, there has been much uncertainty and speculation about the impact of the Leave decision on employment legislation and rights, workplace pensions and other employee benefits.With a minimum two-year wait on ...
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OpinionRaoul Parekh and Anne Croft: What could Brexit mean for share schemes?
Much of the Brexit debate has centred on whether leaving the EU will allow the UK to reduce the burden of business regulation. But what does this mean for employee share schemes?The mainstream press has been full of arguments about what Brexit might mean for employment law, with a contrast ...
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ArticleLyft offers $27m settlement in Californian employee status case
Taxi platform Lyft has reached an updated settlement agreement in a class action case disputing the status of drivers in California.The revised agreement aims to resolve the the Cotter v Lyft class action case, which includes more than 163,00 drivers, currently pending in federal court in the Northern District of ...
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ArticleHow will the Budget 2016 affect employee benefits?
Chancellor George Osborne (pictured) delivered the Budget 2016 on 16 March. It included a number of key announcements impacting reward and benefits:The government is considering limiting the range of benefits offered through salary sacrifice arrangements. It intends to continue to allow pension saving, childcare and health-related benefits, such as bikes-for-work ...
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ArticleGovernment limits capital gains exemptions for employee shareholder status
Budget 2016: The government is imposing an individual lifetime limit of £100,000 on gains eligible for capital gains tax exemption through employee shareholder status.This will apply to employee shareholder status arrangements entered into from 17 March 2016. It will not apply to existing arrangements.The limit was announced by Chancellor George ...
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ArticleGovernment retains freeze on fuel duty
Budget 2016: Fuel duty is to remain frozen at 57.95p a litre for 2016-17.This is the sixth consecutive year that the government has retained the freeze on the rate of fuel duty.The continued freeze was announced by Chancellor George Osborne during his Budget 2016 speech today (16 March).Osborne said: “In ...
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ArticleCompliance news at a glance: January 2016
High Court rules peripatetic staff are eligible for auto-enrolmentThe High Court has ruled that peripatetic workers are eligible to be auto-enrolled into a workplace pension scheme, after Fleet Maritime Services (FMSB) challenged the Pension Regulator’s (TPR) approach and guidance on peripatetic workers. bit.ly/1OTzx1tUS court rules on back-pay case for unpaid ...
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OpinionCaroline Harwood: An own goal on employee benefit trusts?
The ‘Rangers’ or ‘Big Tax’ case concerns the establishment of an employee benefit trust (EBT) in 2001 by the Murray Group, then owners of Rangers Football Club. Sub-trusts were established for the benefit of players, other employees, and their families. Sub-trust funds were then lent to relevant employees.HM Revenue and ...
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OpinionSarah Henchoz: What could the outcome of employee-status cases mean for employers?
Organisations that have a high population of atypical workers are coming under increased scrutiny, with workers challenging their legal status through the courts, as Uber, Yelp and FedEx have all recently experienced. These employees have alleged that, notwithstanding the label they are given, they should be deemed to be employees ...
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ArticleCompliance news at a glance: November 2015
Court rules holiday does not need to be retroactively recalculated if hours increaseIn the case of Kathleen Greenfield vs The Care Bureau, the Court of Justice of the European Union (CJEU) has held that employees’ accumulated holiday does not need to be retroactively recalculated following an increase in their hours. ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk on 19-26 November 2015: Asda increases share plan take up by 45%Diesel supplement to remain in company car tax to 202134% believe pets in workplace boost healthGovernment to gather evidence on salary sacrificeAuto-enrolment contribution rate rises to coincide with tax yearEXCLUSIVE RESEARCH: ...
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ArticleShare scheme tax rules to be simplified
Autumn Statement 2015: The Finance Bill 2016 will introduce measures to simplify the tax rules for employee share schemes.These technical changes will streamline and simplify aspects of the tax rules for tax-advantaged and non-tax-advantaged employee share schemes. The move is aimed at providing more consistency, including putting beyond doubt the ...