News & Analysis as of September 23, 2024

Income Taxes › National Insurance Contributions

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

UK Autumn Statement 2022 – key tax highlights

Orrick, Herrington & Sutcliffe LLP on 11/21/2022

On 17 November 2022, the UK Government announced a number of significant tax measures in its Autumn Statement. There were no real surprises this time as many of the measures had been trailed in recent days. The tax changes...more

Uk to Repeal Off-payroll Working (Ir35) Rules

Morgan Lewis on 9/30/2022

The UK government’s “Growth Plan” (or “mini-budget”), delivered on 23 September, announced that the recent changes to the United Kingdom’s off-payroll working rules will be repealed with effect from April 2023....more

UK Mini Budget 2022

Proskauer - Tax Talks on 9/23/2022

The Chancellor today unveiled the UK’s 2022 Growth Plan which has been described as being “the biggest package of tax cuts in generations”. We have summarised here the tax changes that we think will be of interest to our...more

UK Employment Flash - February 2021

Skadden, Arps, Slate, Meagher & Flom LLP on 2/22/2021

In this issue of UK Employment Flash, we examine the latest employment law developments, news and insights from the UK, including considerations for employers requiring staff to get the COVID-19 vaccine, the delayed rollout...more

Preparing for Tax Rises on the Horizon – Who Will Pay for the UK Government’s COVID-19 Relief Measures?

McDermott Will & Emery on 5/31/2020

It is no secret that the Coronavirus (COVID-19) pandemic is having a significant impact on the economy. Chancellor Rishi Sunak recently stated that “it is now very likely that the UK is facing a significant recession at the...more

COVID-19 – Key UK Employment Issues Guidance Note (Updated)

White & Case LLP on 5/5/2020

Companies and their workforces are in unprecedented circumstances, with COVID-19 changing situations and advice on a frequent basis. In this alert, we have set out below the key issues faced by employers across the UK and...more

COVID-19: UK Chancellor announces measures to support the self-employed

Proskauer - Tax Talks on 3/30/2020

Earlier this evening (26 March 2020) the UK Chancellor announced the new Self-Employed Income Support Scheme to help the self-employed face the economic hardship wrought by the COVID-19 pandemic. Below are the key points: ...more

Termination Payments - Changes to the taxation of UK termination payments

Dechert LLP on 2/25/2020

In this OnPoint, we report on two changes to the taxation of termination payments to departing employees of which employers need to be aware – first, the levying with effect from 6 April 2020 of employer’s national insurance...more

UK Government announces review into private sector IR35 rules

Proskauer - Tax Talks on 1/9/2020

As announced by the Chancellor in the run up to the recent General Election, the Government is launching a review into the implementation of the changes to the IR35 rules for private sector workers scheduled to be introduced...more

UK Employment Law: 2019 Highlights and 2020 Forecast

McDermott Will & Emery on 1/8/2020

As we move into 2020, there are a number of UK employment law developments on the horizon that require some preparation. The New Year is also a good time to take stock of key developments from the previous year to make sure...more

UK Tax Changes Shift Worker Classification Burden to Clients

McDermott Will & Emery on 11/26/2019

The UK Government has con?rmed that it will extend to the private sector tax rules designed to target tax avoidance by contractors who operate through an intermediary personal service company (PSC). The UK Government has...more

Changes to the Taxation of Termination Payments

Faegre Drinker Biddle & Reath LLP on 3/30/2018

The U.K. government has introduced the following changes to termination payments which will apply from 6 April 2018: - Where an employer has no contractual right to make a payment in lieu of notice, but decides to make a...more

UK Tax Round Up - November 2017

Proskauer Rose LLP on 11/30/2017

UK Tax News and Developments - The OTS publishes its report "Value added tax: routes to simplification" - On 7 November, the Office of Tax Simplification (OTS) published its first report on VAT, which included a range...more

UK Employment Alert: Changes To The Taxation Of Termination Payments

McDermott Will & Emery on 9/9/2016

The government has published its response to feedback received on its proposals to simplify the taxation of termination payments, expected to come into force in April 2018. The following table sets out the main proposals...more

Proposed Changes to the Taxation of Termination Payments

Faegre Drinker Biddle & Reath LLP on 9/6/2016

Following a consultation on the taxation of termination payments launched in summer 2015, the U.K. government has proposed a number of measures intended to take effect in April 2018, including: - Making all payments in...more

Changes To The Taxation Of Termination Payments

McDermott Will & Emery on 8/25/2016

Summary - The government has published its response to feedback received on its proposals to simplify the taxation of termination payments, expected to come into force in April 2018. The following table sets out...more

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Income Taxes › National Insurance Contributions

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