News & Analysis as of September 19, 2024

Income Taxes › PILONs

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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 Tax Round Up - April 2018

Proskauer Rose LLP on 5/1/2018

General UK tax developments - Changes to taxation of termination payments - HMRC has updated its Employment Income Manual to reflect the changes to the taxation of termination payments (including payments in lieu of...more

UK Tax Round Up - February 2018

Proskauer Rose LLP on 2/23/2018

Case law developments - Settlement payment not deductible as an expense of a trade (Vaines v HMRC) - Mr. Vaines was a solicitor. In the 2007/08 tax year he paid a settlement amount to a third party that had made a...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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