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The FRC has subsequently stated that it will taking forward only a small number of its proposals.

Share plan annual returns for the 2022/23 tax year need to be filed online by 6 July 2023 in respect of all your share incentive arrangements to avoid penalties (an initial penalty of £100 will be due if a return is just one day late).

HMRC have announced that the mechanism for calculating bonus rates for SAYE participants will change from August which is expected to result in a bonus being provided to new participants for the first time in nearly 10 years. If you are thinking of adopting a new SAYE plan or planning to issue invitations under your existing plan over the summer, this announcement could have an impact on your timetable and is something you should discuss with your legal advisers and savings provider.  

Travers Smith Tax Partner, Hannah Manning and Tax Senior Counsel, Elissavet Grout have authored an article published in the Solicitors Journal.

If you had an employee share plan or arrangement in the 2022/23 tax year, now is the time to start thinking about your annual reporting obligations.

Welcome to our Spring Update setting out our thoughts on some of the latest developments in the field of employee incentives and remuneration. Do reach out to a member of the team if you need help navigating these changes.

This Briefing sets out the headline themes and changes that premium listed companies should be aware of for the 2023 AGM season, with a list of further useful resources set out at the end of the Briefing. 

Travers Smith's Head of Incentives and Remuneration Mahesh Varia and Senior Associate Claire Prentice have contributed the United Kingdom chapter in the latest Legal 500 Employee Incentives Guide. The guide provides its readers with a pragmatic overview of the laws and regulations of Employee Incentives practice across a variety of jurisdictions.

On 9 November 2022, the Investment Association (the "IA") published its latest version of the IA Principles of Remuneration (the "Principles") and Letter to Remuneration Committee Chairs (the "Letter").

In today's (23 September 2022) mini-budget what are the key announcements for HR and employment law?

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Head of Incentives & Remuneration Mahesh Varia and Senior Associate Claire Prentice have produced the UK chapter of the latest edition of The Legal 500: Employee Incentives Country Comparative Guide.

Share plan annual returns for the 2021/22 tax year need to be filed online by 6 July 2022 in respect of all your share incentive arrangements to avoid penalties (an initial penalty of £100 will be due if a return is just one day late).

If you had an employee share plan or arrangement in the 2021/22 tax year, now is the time to start thinking about your annual reporting obligations.

2021 has seen the UK Government and regulators engage in a blizzard of consultations and draft legislation, proposing reforms across a wide range of areas. The sheer volume makes it difficult for businesses to keep on top of changes that might affect them.

A regular briefing for the alternative asset management industry. 

On 7 September, the UK Government announced the introduction of a new 1.25% levy which is intended to pay for adult social care reforms and enable the country's National Health Service to tackle the COVID-19 backlog. In this briefing we consider the implications this might have for overseas employers.

Head of Incentives and Remuneration Mahesh Varia and Senior Associate Claire Prentice have contributed the UK chapter to the latest edition of The Legal 500: Employee Incentives Country Comparative Guide.

As a result of the Covid-19 pandemic, asset managers have found that many members of their workforce (of varying degrees of seniority) have been working for an extended period from abroad, rather than in the UK office. Post-Covid, some of these individuals have expressed a wish to spend all of their time, or a proportion of their time, working from abroad.

Share plan annual returns for the 2020/21 tax year need to be filed by 6 July.