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The Bribery Act 2010

The Bribery Act 2010 came into force on 1 July 2011. At the end of March the government published its guidelines on the effects of the Act. Separate guidelines were published by the Serious Fraud Office on the matters which will be taken into account in deciding whether to prosecute. Hospitality and promotional expenditure is [...]

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Taxation of Termination Payments

The rules as to the taxation of lump sum termination payments made after the issue of the P45 changed on 6 April 2011. In the case of larger payments the new rules will have a significant effect on the amount of tax that has to be deducted. The first £30,000 of any payment made purely [...]

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