Matters relating to tax in redundancies and tax indemnities in compromise agreements can be tricky. Although compromise agreements usually state redundancy pay is in full and final settlement and there will be no deductions of tax from the redundancy payment, tax indemnities mean, if the calculations for redundancy pay are incorrect and HMRC has sent […]
Entries Tagged as 'Redundancy Pay'
Employment Law, Redundancy, Compromise Agreements, Tax Indemnity, HMRC
March 22nd, 2012 · No Comments · Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, HMRC, Indemnity, Independent Legal Advice, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Taxation
Tags: Compromise Agreements·employment law·HMRC·Redundancy·Tax Indemnity
Employment Law, Redundancy, Compromise Agreements, Payment in Lieu of Notice, Tax
March 16th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, HMRC, Independent Legal Advice, Payment in Lieu of Notice, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Taxation
When advising employees on their redundancy rights and the terms of their compromise agreements, we are seeing situations where employers are including payment in lieu of notice (PILON) in employees’ redundancy payments. Any PILON is taxable and an employer does not have to make a PILON unless there is a provision in the employee’s employment […]
Tags: Compromise Agreements·employment law·Payment in Lieu of Notice·Redundancy·Tax
Employment Law, Redundancy, Compromise Agreements, Redundancy Payment
March 13th, 2012 · No Comments · Adviser's Certificate in Your Compromise Agreement, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Ex Gratia, Independent Legal Advice, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Signing Compromise Agreements, Termination Payment
From our experience of advising on redundancies, the usual practise is for an employer to only pay an employee his or her redundancy payment once the employer has received two signed hard copies of the compromise agreement. That is, where the compromise agreement has been signed by the employee and encloses the signed adviser’s certificate […]
Tags: Compromise Agreements·employment law·Redundancy·Redundancy Payment
Employment Law, Redundancy, Compromise Agreements, Legal Advice, Legal Fees
March 5th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Legal Fees, Payment of Legal Advisers, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Severance Pay
When it comes to paying for legal advice taken in relation to redundancies and compromise agreements, the usual position is for the employment lawyers to invoice the employer in the name of the employee, with this being payable by the employer. From our experience we have only seen a handful of situations where an employee […]
Tags: Compromise Agreements·employment law·Legal Advice·Legal Fees·Redundancy
Employment Law, Redundancy, Compromise Agreements, Payment in Lieu of Notice
February 14th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Payment in Lieu of Notice, Redundancies, Redundancy, Redundancy law, Redundancy Pay
Payment in lieu of notice (PILON) is normally shown as a separate amount in compromise agreements to cover the notice period in relation to redundancies. From our experience of advising on employment rights we have seen that sometimes people work part of the notice period with the rest paid as PILON. If you require further […]
Tags: Compromise Agreements·employment law·Payment in Lieu of Notice·Redundancy
Employment Law, Compromise Agreements, Ex Gratia Payment, Negotiations
January 18th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Ex Gratia, Negotiating a Settlement, Redundancies, Redundancy, Redundancy law, Redundancy Pay
As employment law solicitors, we frequently advise employees on redundancy pay, specifically that they try to negotiate the ex gratia settlement payment with their employer as early as possible, to maximise the amount they can get. This is especially the case if the employees facing redundancy have any unresolved grievances or appeals. These can be […]
Tags: Compromise Agreements·employment law·Ex Gratia Payment·Negotiations
Employment Law, Redundancy, Enhanced Redundancy Pay, Statutory Redundancy Pay
December 16th, 2011 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Enhanced Redundancy Pay, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Statutory Redundancy Pay
In some cases employees can accept compromise agreements without going through the redundancy process. This could mean receiving an enhanced redundancy payment rather than a statutory payment. If you require further information about redundancy law, please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law: http://www.rtcoopers.com/practice_employment.php http://www.rtcoopers.com/faq-redundancyemployee.php http://www.employmentlawyersinlondon.com/video.php http://www.employmentlawyersinlondon.com http://www.compromiseagreementlonuk.com/ © RT […]
Tags: employment law·enhanced redundancy pay·Redundancy·Statutory Redundancy Pay
Employment Law, Redundancy, Confidentiality, Redundancy Pay
December 15th, 2011 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Post Termination Restrictions after Signing a Compromise Agreement, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Repayment of Redundancy Pay, Restrictive Covenants
Some employees are still not aware of the importance of confidentiality and complying with those provisions within their employment contracts as well as the confidentiality provisions within their compromise agreements. A breach of any of these provisions will in most cases, and at the very least, lead to the employees being made to repay any […]
Tags: Confidentiality·employment law·Redundancy·Redundancy Pay
Employment Law, Redundancy, Payment in Lieu of Notice, Settlement Payment
December 14th, 2011 · No Comments · Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Payment in Lieu of Notice, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Taxation
In order for an employer to provide an employee with payment in lieu of notice, this must be referred to in the employee’s employment contract. Some employers are incorporating the notice period as part of the settlement payment, which is tax free. We always advise that there is a risk that Inland Revenue may decide […]
Tags: employment law·Payment in Lieu of Notice·Redundancy·Settlement Payment
Employment Law, Redundancy, Compromise Agreements
October 31st, 2011 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Job Offer, Job Offer during consultation period, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Offer of Employment, Redundancies, Redundancy, Redundancy law, Redundancy Pay
Employees facing redundancy can be very optimistic about their futures. We advise a large number of employees on their compromise agreements and it’s those employees that take a positive view on redundancy that seem to have a job even before their termination date. If you require further information about redundancy law, please contact us at enquiries@rtcooperssolicitors.com or […]