December 2012 Archive

Who's liable for mud on the road?

Three recent road accidents in Herefordshire caused by mud on the road prompted the temporary closure of A-roads and an announcement from West Mercia Police that they would be monitoring excessive mud on public highways. This has been a particularly bad year as the wet weather has meant that mud on public roads has been an unfortunate, but regular, by product of farm operations. The NFU has released a recent briefing note for farmers on their legal liabilities relating to mud on the roads which we have summarised.

Draft Finance Bill legislation published today

Draft Finance Bill legislation published today looks set to provide a much needed boost to one of the government’s key tax efficient employee incentive plans. The tax efficient Enterprise Management Incentive (EMI) Plan has been used by many growth companies for a number of years now and allows companies to grant tax efficient options to acquire shares. Based on existing tax rules though, if the option is not exercised more than 12 months prior to the disposal of the resulting shares under option, those shares will not qualify for the 10% lowest rate offered by Capital Gains Tax Entrepreneurs Relief (ER).

Safeguarding children and adults at risk: are you compliant?

The requirements of the Safeguarding Vulnerable Groups Act 2006 are being changed by the introduction of the Protection of Freedoms Act 2012. Many of the changes introduced by the PFA came into force on 10 September 2012. These include new vetting requirements for individuals who will be working with children and vulnerable adults. It is important that organisations understand and introduce measures to comply with the changes.

Autumn Statement 2012 - employee benefits review

Wright Hassall's employee benefits and tax team provide a brief summary of the changes announced today in the 2012 Autumn Statement. The government has confirmed (following its initial announcement on 8 October 2012) that it will introduce legislation from April 2013 introducing a new category of 'employee shareholders' who can be given shares worth up to £50,000 that will be exempt from capital gains tax on their sale in exchange for forfeiting certain employment rights.
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