Category: Employee Incentives

Incentives Update

Michael Deeks, Tax Partner, Olswang | Published: March 23, 2011
From an Incentives perspective, the only real substantive points from today’s Budget relate to entrepreneurs’ relief and the eagerly awaited release of the controversial draft legislation on “disguised remuneration”.  As Natasha has already blogged, whilst the increase in the entrepreneurs’ relief lifetime limit to £10m is welcomed, the Chancellor’s decision not to remove or decrease [...]
Also posted in Budget - March 2011 | Tagged , , | 1 Comment

Impact of CGT rate increases on employee share incentives

Michael Deeks, Tax Partner, Olswang | Published: June 22, 2010
As Natasha says, the Chancellor has elected to “keep it simple” by raising the CGT rate for high earners from 18% to 28%, effective from midnight tonight.  Taking into account the proposed increases in National Insurance contributions (NICs) rates from April 2011, the effective rate of income tax and NICs payable on unapproved share plans (where [...]
Also posted in Budget - June 2010 | Leave a comment

EBTs and employment-related securities anti-avoidance

Michael Deeks, Tax Partner, Olswang | Published: March 24, 2010
In their update on enforcement and compliance, the Government have announced that they will be taking action to prevent attempts to avoid avoid tax and National Insurance contributions through the use of employee benefit trusts and other arrangements to disguise payments of remuneration.  It intends to introduce such anti-avoidance legislation to take effect from 6 April 2011. [...]
Also posted in Budget - March 2010, Budget Update, Olswang Budget Blog | Tagged | Leave a comment