Repatriation costs deemed a benefit in kind April 21, 2010 LAWYERS warned yesterday that tax bills for both employees and employers associated with the disruptions caused by the Icelandic volcano are to sky rocket as the HM Revenue & Customs (HMRC) takes a hardline on repatriation costs. Commercial law firm EMW Picton Howell said yesterday that the HMRC will demand tax payments on any expenses [...]
Employment tribunal claims to jump after parliament passes Equality Bill April 7, 2010 EMPLOYERS in the UK are bracing themselves for a jump in employment tribunal claims after parliament yesterday passed the Equality Bill. The Bill is expected to be turned into law by October and brings together a number of equality laws to form a single Act. “The new law has been a long time coming and [...]
Malpractice rules tougher on employers April 5, 2010 CHANGES to whistleblowing procedures implemented today will place an increased burden on employers, who are now set to face joint scrutiny by employment tribunals and regulation bodies. Today’s changes will allow whistleblowers who make malpractice complaints against their employer to now involve the relevant regulator, including the Financial Services Authority (FSA), the Information Commissioner, Health [...]
CITY MOVES | WHO’S SWITCHING JOBS March 31, 2010 RBC Wealth Management The wealth manager, part of the Royal Bank of Canada, has appointed Sarah Macdonald as a director, focusing on UK entrepreneurial clients. Macdonald has worked for over a decade in the financial services industry at both Barclays Wealth and Morgan Stanley. She specialises in advising high net worth clients on asset management [...]
TRIBUNALS March 25, 2010 Q. I am being taken to a tribunal by my employee, how can I best prepare for it? A.The earlier you take advice the better, according to Martina Murphy, a barrister and also a member of the Federation for Small Businesses’ employment committee. And you don’t have to go to a lawyer to get advice. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 21, 2010 THE SUNDAYS The Sunday Telegraph ITV’S NEW CHAIRMAN: UK FACES ‘NATIONAL CRISIS’ Archie Norman, the chairman of ITV, has said that the UK is facing an economic “national crisis” worse than that faced by Margaret Thatcher at the end of the 1970s. In his first interview since becoming chairman of the broadcaster, Norman also revealed [...]
Young lawyers stung by overspecialised market March 21, 2010 OVERSPECIALISATION in the legal profession should be dismantled as young solicitors trying to find work have been hit the hardest by recent cutbacks at commercial law firms, said The Law Society. Young lawyers specialising in banking, property and commercial law are having a harder time finding employment as a result of the global recession, said [...]
LAWYERS MAKE A KILLING IN COURT SPAT March 18, 2010 YESTERDAY saw sighs of contentment all round at inter-dealer broker Tullett Prebon, as judge Justice Jack ruled in its favour after almost a year of wrangling with rival BGC about a staff poaching operation. Though of course, after seven months of advisory work and a trial lasting the best part of four months, it’s the [...]
Why the City’s shipping supremo is battling an old rival for members March 16, 2010 THE CHIEF executive of the Baltic Exchange Jeremy Penn looks remarkably unruffled for a man who has just seen a rival come back for a second time in a concerted attempt to muscle in on his business. The head of the exchange that sets the prices for the majority of the world’s $200bn (£182bn) shipping [...]
The law firm boss who says his US merger is set to take on the world February 28, 2010 For a man weeks away from the biggest deal of his life, Lovells’ managing partner David Harris has a remarkably light air about him. On 1 May the City institution – it can trace its history back to 1899 – will merge with US rival Hogan Hartson to create one of the world’s largest law [...]