The express aim of the proposed changes is to simplify the current position. However, the draft legislation suggests that the opposite might well be the result. Alasdair Friend (Baker & McKenzie) reviews the consultation document.
The Social Security (Contributions) (Amendment No. 3) Regulations, SI 2016/647, correct an error in the new legislation restricting the NICs disregard for travel and subsistence for those working through an employment intermediary. The regulations will have effect from 6 July 2016.
HMRC has published updated guidance to replace sections ESM2034-ESM2069 of the Employment Status Manual, covering the tests for determining whether workers provided through agencies are employed or self-employed. See www.bit.ly/1Sebyh1.
Thomas Dalby (Gabelle) answers a query on a UK tech company that is being purchased by a US company which has offered to settle its unexercised EMI options in cash.
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order, SI 2016/435, maintains the automatic enrolment earnings trigger at £10,000 for 2016/17 and increases the upper limit of the qualifying earnings band for contributions to maintain alignment with the NICs lower and upper
Employee share-scheme avoidance
Payment on transfer of employee
David Bowes (Bruce Sutherland & Co) answers a query on non-disclosure agreements on the sale of a company.