This is a Supplement to our post on March 24, 2021 regarding Section 9641 of the American Rescue Plan Act of 2021 (the “ARPA”). This Supplement addresses state and local governmental employers. Section 9641 of the Rescue Plan makes available tax credits to offset the costs borne by certain employers who voluntarily provide emergency paid … Continue Reading
As the central bankers of the world gathered at Jackson Hole last weekend and considered how and when to taper quantitative easing programmes (“just how long do we have to hold these government bonds?” must have been one of their breakout sessions), a salutary reminder of the continuing reality of the financial crisis that began … Continue Reading
HM Revenue & Customs (HMRC) are in the process of issuing penalty notices for the late filing of share scheme annual returns. This will happen in any case where a scheme has been registered online with HMRC but an annual return for that scheme was not filed online with HMRC by the deadline of … Continue Reading
On 24 May 2016 a new General Data Protection Regulation (GDPR) was adopted by the European Union – this is a radical reform which will have a material impact on the operation of pension plans. The GDPR will be directly applicable in all EEA countries (so no implementing legislation is required from the UK Government) … Continue Reading
The Budget did not contain much that was new in relation to employment tax issues. Many of the measures had been previously announced. However, there has been further information published in the past week and today in relation to a number of changes, including revisions to the legislation on dual employment contracts and further guidance on … Continue Reading
