Over the past decade, employment tax legislation has become significantly more voluminous and complex as HMRC has sought to counter a plethora of schemes used to mitigate Income Tax and National Insurance Contributions (NIC) payable on earnings.
Despite the complexity of the law which, in the main, has outlawed the most aggressive tax schemes, reducing employment tax bills remains possible via straightforward, remuneration planning techniques that are not only within the law, but also within the spirit of the law.
Tax Advice from Employment Law Specialists
As a leading private client law firm, Turcan Connell’s dedicated team of tax lawyers and consultants are highly experienced in all aspects of employment tax advice. Working closely with our employment lawyers in Edinburgh and Glasgow, our tax compliance team is able to provide comprehensive advice across the entire gamut of employment-related issues. Adding to the strength in depth of the team, Turcan Connell’s Tax and Succession department is headed by Alexander Garden . Alexander is accredited as a specialist by the Law Society of Scotland in Private Client Tax Law.
Regardless of whether you are employed by a multi-national corporation or by your own family company, we can provide specialist employment law advice to help you formulate and implement plans to minimise your income tax and NIC exposure while remaining fully compliant with tax law.
Turcan Connell’s Tax Compliance Team
We offer expert advice to senior executives and entrepreneurs on tax-efficient remuneration and on issues which can have a bearing on tax liabilities such as share schemes, benefits-in-kind and termination payments.
We provide advice on the structuring and restructuring of businesses, partnerships, land, farms and estates for income tax planning purposes and provide advice on income tax reliefs available through Enterprise Incentive Schemes (EIS), Venture Capital Trusts (VCTs); Business Property Renovation Allowance schemes (BPRA) and Enterprise Zone developments.
Turcan Connell's areas of expertise include:
- Tax efficient remuneration and benefits packages
- Share options and other share schemes
- Retirement and pension planning
- Employment status issues
- Contractual issues
- Salary sacrifice
- Termination and redundancy settlements/compromise agreements
- Internationally mobile executive