All Tax and legislation articles – Page 37
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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 ...
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ArticleStay up-to-date with the Autumn Statement
Chancellor George Osborne will unveil the Autumn Statement at 12:30pm today (25 November). Stay tuned to the Employee Benefits website for the latest news and updates from the Statement. These will cover all announcements impacting employee benefits, from pensions and pay to childcare and salary sacrifice arrangements. We will also ...
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ArticleCourt rules holiday does not need to be retroactively recalculated if hours increase
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.In the case of Kathleen Greenfield vs The Care Bureau, Greenfield worked part time with a holiday entitlement of 5.6 weeks a year, ...
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Article
6, main box: European Court rules on travel as working time case
The European Court of Justice (ECJ) has ruled that the time workers without a fixed or habitual place of work spend travelling from home to their first appointment of the day and from their last appointment of the day to their home to be working time for the purposes of ...
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Opinion
6: Column - What will employers need to consider in light of the rise in insurance premium tax?
In the Summer Budget 2015, Chancellor George Osborne announced that the standard rate of insurance premium tax (IPT) will increase from 6% to 9.5% from 1 November 2015.IPT is a tax on insurers and is added to general insurance products, such as car, home and travel cover, as well as ...
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Article6, small box: Same-sex spouse loses equal pension bid
The Court of Appeal has upheld a ruling against a retired employee in his bid to see his civil partner, now husband, receive the same pension pay-out in the event of his death as a spouse of the opposite sex.In the case of Walker vs Innospec and others, in which ...
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ArticleAltmann puts defined ambition and automatic transfers on hold
Pensions minister Ros Altmann has announced that plans to impement defined ambition pensions, collective benefits and automatic transfers (also known as pot follows member) have been put on hold.In a statement to the House of Commons, the pensions minister (pictured) said that the timing was not right to ask the ...
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ArticleCalifornia acts to bridge gender pay gap
New legislation has been passed in California, USA, to help close the gender pay gap.The California Fair Pay Act was signed into law by Californian governor Jerry Brown to strengthen equal pay legislation in the state. Current law prohibits employers from paying a woman less than a man when they ...
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Article67% say Isa system would lower staff pension savings
Two-thirds (67%) of respondents believe an individual savings account (Isa)-style tax system for pensions would result in a reduction in the amount employees save into their pension, according to research by insurance provider Aviva. Its survey of 118 Friends Life (now part of the Aviva Group) corporate pension clients also ...