Richard Rolls and Alison Hughes of KPMG consider the tax implications of bonus deferrals and clawback arrangements
Bonus deferrals and clawbacks are the subject of much current debate especially in the financial sector. Recent developments include the FSA's draft code on remuneration practices urging greater use of annual bonus deferrals and clawbacks and individual employers have also begun to modify their pay arrangements in response to investor and government concerns. This article considers some of the UK tax issues associated with deferrals and clawbacks.
Bonus Deferrals
Most large UK listed companies now operate deferred bonus plans alongside their long-term incentive plans. Deferral under such plans is almost invariably into shares with annual...
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Richard Rolls and Alison Hughes of KPMG consider the tax implications of bonus deferrals and clawback arrangements
Bonus deferrals and clawbacks are the subject of much current debate especially in the financial sector. Recent developments include the FSA's draft code on remuneration practices urging greater use of annual bonus deferrals and clawbacks and individual employers have also begun to modify their pay arrangements in response to investor and government concerns. This article considers some of the UK tax issues associated with deferrals and clawbacks.
Bonus Deferrals
Most large UK listed companies now operate deferred bonus plans alongside their long-term incentive plans. Deferral under such plans is almost invariably into shares with annual...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")