The item you have requested is not currently available in English and you have been redirected to the next available page. You may use your browser's back button to return to the item you were viewing.
Country desks feature Dentons lawyers in one jurisdiction with a particular focus or experience in another jurisdiction.
Learn more about our Canada capabilities
Learn more about our United States capabilities
Learn more about our Latin America and the Caribbean capabilities
Learn more about our Europe capabilities
Learn more about our United Kingdom capabilities
Learn more about our Central and Eastern Europe capabilities
Learn more about our Russia, CIS and the Caucasus capabilities
Learn more about our Africa capabilities
Learn more about our Middle East capabilities
Learn more about our Central Asia capabilities
Learn more about our China capabilities
Learn more about our Asia Pacific capabilities
Learn more about our Australia capabilities
At Dentons, we bring together top tier talent found at the intersection of geography, industry knowledge and substantive legal expertise. Start by clicking here
Dentons promotes 13 senior lawyers in Australia
Following the recent appointment of 20 new partners, global law firm Dentons has promoted 13 senior lawyers in Australia.
Embracing the Assisted Living Model in Singapore
The real estate industry is a natural beacon of innovation – where architects, designers, engineers, developers and planners come together to define how we live, work, and connect with each other.
Can cryptographic tokens be used to secure your next loan?
The secured loan market in Singapore was worth roughly US$420 billion in 2017 – with loans primarily backed by traditional assets such as property, inventory, or gold.
How to submit advertising complaints about therapeutic goods
The Therapeutic Goods Administration has replaced the Complaints Resolution Panel as the responsible body for advertising complaints.
New Therapeutic Goods Advertising Code: What you need to know
Companies have been given 6 months to familiarise themselves with the new Therapeutic Goods Advertising Code.
Starting your career as a student at Dentons exposes you to a world of experience and opportunities
With 125+ locations in 50+ countries, Dentons is home to top-tier talent that is found at the intersection of geography, industry knowledge and substantive legal experience. Working with Dentons, you will have the opportunity to learn from the best lawyers in the industry at the largest law firm in the world.
Dentons earns global recognition as a top cross-border restructuring and insolvency firm
Dentons is proud to be named one of the world’s leading law firms for cross-border restructuring and insolvency matters in the 2nd Annual GRR 30 list.
Dentons advises Skanska on the sale of four office buildings in Poland
Dentons has advised Skanska on the sale of four office buildings in three Polish cities to real estate fund manager Niam.
Dentons welcomes Kirsten Thompson as the national lead for the Firm’s new Transformative Technologies and Data Strategy group
Dentons is pleased to announce that Kirsten Thompson has joined the Firm as a partner in our Privacy and Cybersecurity group in Toronto.
New tax rules coming into force on 6 April 2018 will mean that income tax and national insurance contributions (NICs) must be paid on all payments in lieu of notice (PILONs) on termination of employment.
Currently the first £30,000 of any PILON enjoys tax-free status provided the employer does not have an express contractual right to make such a payment and has not created an implied right by, for example, a consistent practice of making PILON payments to departing employees. This is because it is treated as damages for breach of contract.
In a few situations, where there is an express contractual right, it has historically been possible to argue that the exemptions still applied. Such arguments have always been difficult as the employer has to breach its own contract.
In an attempt to simplify matters, the changes brought in from 6 April 2018 will mean that all PILONs will be taxed as earnings, regardless of whether they are contractual or not. Tax cannot be avoided by failing to pay in lieu.
Under the new rules, employers are required to work out an employee's "post-employment notice pay" (PENP). Essentially this represents the amount of basic pay the employee will not receive because their employment was terminated without full notice being provided. This PENP is taxable as earnings and therefore subject to income tax and NICs even if described as compensation.
The balance of any termination payment in excess of the PENP can still benefit from being tax free, up to the £30,000 threshold.
While the legislation itself suggests that the new rules will apply to all payments made after 5 April 2018, recent guidance from HMRC states that this change in tax status will apply only if both:
Therefore the new rules will not apply if the employment terminates before 6 April 2018, even if payment is made on or after 6 April 2018.
Other tax changes being brought in from 6 April 2018 include:
The first point to make is that the new rules are expected to increase the sums paid in settling termination claims, with the majority of this extra cost most likely to be met by employers. Employers should implement a review of their post-termination settlement negotiation processes and any template agreements they may use. As has always been the case, HMRC has statutory powers to recover any tax and NICs, plus penalties and interest from employers who incorrectly decide a PILON payment is not taxable.
If you are in any doubt as to how the new rule changes will affect you or your business, please contact a member of our team.
The URL of this tweet is below. Copy it to easily share with friends.
Add this Tweet to your website by copying the code below. Learn more