Reward and Benefits | KPMG | UK
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Reward and Benefits

Reward and Benefits

Providing updates on all of the elements that make up an employee's total reward - how that is benchmarked, structured, designed and delivered.



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Rewards and Benefits

This page is concerned with all of the elements that make up an employee's overall reward package - how that is benchmarked, structured, designed and delivered. 

We focus not only on the regulatory environment in the UK - as it impacts the tax/NIC efficiency of certain benefits, e.g. cash and share based incentive schemes, pensions, company cars, holiday, mileage allowances, etc. - but also on providing insight around governance and regulation affecting decisions around reward. We also consider issues such as Total Reward and Flexible Benefits as ways of constructing and communicating reward to employees.

If you want to know more, or would like us to consider any particular topics, please get in touch.


KPMG's Guide to Directors' Remuneration 2018

A broad overview of executive directors’ remuneration in FTSE 350 companies.

New Executive Pay Guidelines for listed companies

The Investment Association (IA) has updated its executive pay guidelines ahead of the 2019 AGM season.

Budget 2018: Entrepreneurs’ Relief (ER) changes and management equity

The Budget announced changes to ER – this is what management teams and investors need to know.

Growth Securities Ownership Plans (GSOPs) – lead cases designated for litigation

The First Tier Tribunal (FTT) has specified two appeals against HMRC assessments as lead cases for GSOP litigation

Executive remuneration and the new Corporate Governance Code

The new Code should be considered in relation to current changes to remuneration policy.

HMRC publishes update on employee share plans

HMRC has published further guidance on EMI working time declarations, and on deferring monthly SAYE savings

Enterprise Management Incentives (EMI) – HMRC evaluates the commercial impact

HMRC has published research that evaluates how tax advantaged EMI options are delivering for businesses.

Enterprise Management Incentives (EMI) – HMRC confirms tax treatment

HMRC has confirmed the tax treatment of EMI options granted between 6 April and 15 May 2018.

Tribunal confirms ‘base cost’ of shares acquired under employee options

The ‘market value’ rule does not apply to shares acquired on the exercise of employee share options which may be settled in cash.

Enterprise Management Incentives (EMI)

The European Commission announced on 15 May 2018 that is has renewed state aid approval of the EMI regime.

Enterprise Management Incentives (EMI) - EU State Aid approval expires

Companies should consider granting EMI options on or before 6 April 2018, or deferring grants until State Aid approval has been renewed.

Employment-Related Securities (ERS) annual reporting 2017/18

ERS annual returns for 2017/18 should be filed online on or before 6 July 2018. HMRC ERS Online Services will accept returns only from 6 April, but employers should review the information required now in order to plan ahead of the reporting deadline.

Government announces extension to childcare voucher schemes

The Education Secretary, Damian Hinds, announced on 13 March that employers can continue to offer CCV schemes to new entrants for a further six months.

GAAR Advisory Panel publishes opinion on employee incentive arrangement

The General Anti-Abuse Rule (GAAR) allows HMRC to counteract tax advantages that arise from ‘abusive’ arrangements. For these purposes, arrangements are ‘abusive’ if they cannot ‘reasonably be regarded as a reasonable course of action in relation to the relevant tax provisions’.

KPMG Guide to Directors Remuneration 2017

Our guide offers a broad overview of executive directors’ remuneration in FTSE 350 companies, including salary, pension, bonus and long-term incentives; as well as non-executive directors’ fees. It also provides insights into diversity across the executive population, alongside other current issues affecting remuneration.

Supreme Court finds for HMRC in Rangers EBT case

The Supreme Court, in a unanimous decision, has dismissed the taxpayer’s appeal in what became known as the “big tax case”.

Annual reporting for employment-related securities

The Employment Related Securities (ERS) annual returns deadline has been extended to 24 August from 6 July following HMRC Online Services' IT glitch.

Spring Budget 2017

We need to change the way we tax work, says KPMG. Changes will need to be wide ranging and will go to the very core of the UK tax system.

Changes to the disguised remuneration landscape

HMRC have announced certain changes to their proposals to extend the disguised remuneration rules. 

KPMG's Guide to Directors' Remuneration 2017

KPMG has published its 2017 edition of the Guide to Directors' Remuneration, which analyses trends in FTSE 350 directors' pay.

The Green Paper - Corproate Governance Reform, November 2016

The UK Government has issued its Green Paper setting out proposed updates to the corporate governance framework.

Autumn Statement 2016 - Employers overview

There were a number of updates from a people and pay perspective, following on from the latest round of consultations, together with the announcement of plans for further reviews and calls for evidence in 2017. From an employers' perspective, the main developments were centred around salary sacrifice, IR35, PAYE settlement agreements, and termination payments.

The benefits of delivering online access to pension scheme members

How can greater access to pension details online drive better outcomes for members, trustees and employers.

Funding DB in challenging times - part 1

Mike Shimwell considers the interaction of the regulatory and legal environments to draw some conclusions on pension scheme funding in the current environment.

It can't get any worse, can it?

With pension schemes wondering if things can get any worse, we look at the market and wonder if things can get any better. 

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