Our knowledge resources reflect the breadth and depth of our expertise, our insight into the issues which matter to your business, and our understanding of the markets in which you operate.
With the UK General Election just around the corner, immigration and employment feature heavily in election manifestos. Here we highlight the key pledges from each of the three main parties on employment law and business immigration.
Travers Smith LLP has advised Adventurous Journeys Capital Partners (AJ Capital Partners) on its acquisition of the Macdonald Rusacks Hotel and the Macdonald Randolph Hotel from the Macdonald Hotels & Resorts portfolio.
On 23 June 2016, the British people voted to leave the EU and in March 2017, the UK government triggered the departure process by invoking Article 50 of the Lisbon Treaty.
Travers Smith Employment Partner Siân Keall, joined Evan Davis for the latest episode of The Bottom Line on BBC Radio 4, focused on dismissing staff.
Key employment and business immigration developments for employers.
As you know, the new UK Corporate Governance Code (the 'Code') took effect for accounting periods beginning on or after 1 January 2019. Many companies with a premium listing on the London Stock Exchange will now be in an accounting period to which the new Code applies and will need to ensure they can operate their executive incentive arrangements in compliance with the following provisions:
A guide to future employment and immigration law.
Key employment and business immigration developments for employers.
With Brexit set to take place on 31 October 2019, the Government has announced that it plans to end free movement immediately if the UK leaves without a deal. Just a third of the three million EU nationals in the UK have secured their UK residence status under the EU Settlement Scheme, with significant numbers still yet to apply.
Travers Smith LLP has advised new client Adventurous Journeys Capital Partners (AJ Capital Partners) on its acquisition of the DoubleTree by Hilton Hotel Cambridge City Centre.
Key employment and business immigration developments for employers.
Giving employees shares in the company they work for is often seen as an effective motivational tool. Some owners go even further and hand their workers a controlling stake in the business by transferring it to a specially formed employee ownership trust ("EOT"). John Lewis is often cited as the classic example of an employee-owned company but there are many others including global operators, PA Consulting and Mott MacDonald.
Key employment and business immigration developments for employers
Any company that operated an employee share incentive arrangement (whether tax-advantaged or not) in the 2018/2019 tax year must file an online return with HM Revenue & Customs (HMRC) by 6 July 2019 to avoid penalties. An initial penalty of £100 will be due if a return is just one day late.
Key employment and business immigration developments for employers
2019 brings with it the second round of gender pay gap reporting figures. The statistics for those firms who have already published their April 2018 figures show that approximately 40% have reported a widening of the gap from the previous year.
Travers Smith LLP has advised Leep Utilities on its agreed acquisition of SSE Water Limited from SSE plc for an undisclosed sum.
The "off-payroll" working rules typically apply to individuals supplying their services through an intermediary (commonly a personal service company) and were introduced for public sector contractors in April 2017. Legislation to extend the rules to the private sector from April 2020 will be published this summer but, in the meantime, there is action that those engaging workers through personal service companies (PSCs) can take.