Employment Tax
In the current economic and regulatory climate, it is vital for employers to correctly deal with the tax and National Insuarance Contributions responsibilities of employing staff and engaging contractors, as penalties for getting it wrong can be both severe and time consuming.
At PEM we will provide tailored advice to fit your exact requirements, however complex or simple they may be. Our experienced team of advisers can advise clients in the following areas:
- Designing and implementing expenses and benefits policies
- Assistance with the preparation of forms P11D and agreeing P11D dispensations where applicable
- PAYE and National Insurance Contributions compliance and health checks
- Advising on employment status issues affecting the engagement of casual labour, personal service companies and self employed individuals
- Ad hoc advice in areas such as relocation policies, rewarding employees and termination arrangements.
- Assistance with and negotiation of settlements following HM Revenue & Customs investigations
- Tax efficient benefits and remuneration planning
Employee Share Incentives
Our team also has considerable experience in the field of employee share incentives. We can provide comprehensive tax and legal advice when assisting with the design, implementation and operation of your share incentive arrangements.
We can provide advice on the following types of share incentive arrangements:
- Enterprise Management Incentives (EMI) share options
- HM Revenue & Customs approved company share option plans (CSOP)
- HM Revenue & Customs approved sub-plans
- Unapproved share option plans
- Share Incentive Plans (SIPs)
- Save As You Earn schemes (SAYE/Sharesave)
- Conditional share plans
- Long-term incentive plans (LTIPs)
- Phantom share option schemes
For further information on the services provided by our Employment Tax department or to discuss how we can help your business, please contact Derek Carr, Employment Tax Partner on 01223 728222 or Email: dcarr@pem.co.uk
