Guidance on new residency tests for overseas trusts

HMRC have recently issued guidance on the application of the new residency tests for trustees of overseas trust companies. It may well affect many offshore employment benefit trusts. Read more

Family benefit trusts – under the spotlight

HMRC have recently published a "Spotlight" on the practice of using Family Benefit Trusts to reward employees. HMRC's view on the PAYE and NIC implications at the time when the funds are allocated to the employee or his/her beneficiaries is different to the approach generally taken by advisers on Family Benefit Trusts. Read more

Exercising options earlier to minimise effect of higher rate of income tax

With a higher rate of income tax due to apply from April 2010, it is worth considering whether it is possible to exercise share options early. Read more

National insurance contributions and dividends

A recent case considered whether NICs are payable on dividends. Read more

EMI options – recent developments

HMRC has relocated its centre for dealing with EMI options. Read more

Executive remuneration

This remains a hot topic, particularly in relation to banks and other financial institutions. This article summarises recent UK developments. Read more