The new Labour government delivered its Autumn Budget on 30 October 2024. The budget is set to raise taxation in the UK to an historic high level, while maintaining the promise made in the Labour manifesto that there would be no rise in the rate of income tax, national insurance and VAT for individuals. This…

November 10, 2024 Read more >

In line with our predictions in April this year (How will the upcoming general election influence future changes in executive remuneration?), the Government will increase  the rate of CGT on Carried Interest to 32% – with a view on overhauling the system and putting more Carry into the income tax regime (rather than keeping some…

November 6, 2024 Read more >

You may have formed the view from recent headlines that AIM is in its final death throes. Speculation about possible Budget tax changes is unhelpful and, to cap it all, LSEG data shows that whilst the FTSE All Share has risen 21% over the last three years, the AIM index has fallen by 40%! That…

October 22, 2024 Read more >

The recent stories around the pay of special advisor Sue Gray (now former Chief of Staff for the Labour party) were partly characterised by a number of commentators expressing apparent shock that someone within an enterprise was paid more than the leader of that enterprise. The implication was that there was a natural “rule of…

October 22, 2024 Read more >

We would like to thank all 77 participating firms from across the United States and Canada for providing information on over 3,531 incumbents, employed in 47 different positions, ranging from Analyst to Managing General Partner on the investment side and from Receptionist to Chief Operating Officer on the administrative side. The 2024 Report contains a…

October 21, 2024 Read more >

It used to be the case that when you applied for a job, you usually faced an application, interview, and reference checks. Today, such a screening process almost seems sparse next to the various tests employers often issue. Talent Board found in a 2022 study that 56% of North American employers are using pre-employment assessments/selection…

October 19, 2024 Read more >

On 14 October 2024, HMRC published its Employment Related Securities Bulletin 57 (October 2024). This bulletin covers guidance on: the interpretation of “arrangements” for EMI independence test purposes the application of the ‘deeming provision’ to employment related securities and employment related securities options, following the Vermillion case; and processing of employment related securities. This bulletin…

October 18, 2024 Read more >