Description
Following the Finance Act 2008, which brought in new rules for the treatment of employees who are not ordinarily resident or not domiciled in the UK and changes to capital gains tax taper relief, many companies will need to review their executive reward packages in 2009.
The Companies Act 2006 has also now come into force in areas which will affect remuneration planning, such as the financial assistance rules, loans to directors and directors’ duties.
This book covers the broad spectrum of employee reward structures, from the tax-efficient structuring of a termination payment to the complex anti-avoidance rules aimed at share-based remuneration. It provides guidance on the more common salary and benefit arrangements, as well as dealing with areas where unexpected tax charges can arise, particularly in the field of share options and other equity incentives.
The law in many of the areas covered by the book is in a state of almost constant change, and the third edition of the book has been updated to reflect developments up to 31 August 2008.
Checklists, flowcharts and a comprehensive glossary make this an invaluable aid for any practitioner.
The CD-ROM is a straightforward PDF of the text but with the huge advantage that all the internal cross references are hyperlinked, as are the website references (particularly handy for information on HMRC’s website). Also terms in bold are linked to a definitions table at the back. Right-clicking on the mouse opens the definitions in a new window, making this a very useful tool.
Aidan Langley, CTA
Aidan Langley practised as a solicitor and is now Director of HR Solutions – Tax, at PricewaterhouseCoopers LLP, advising clients on the design and implementation of short- and long-term reward plans.
Spiramus Press
We are a UK-based publisher, with an emphasis on tax titles for lawyers, accountants and tax managers. Our books cover both UK and international tax.
