We advise businesses in relation to:

  • Employee Remuneration – the team advises on the tax consequences of employers utilising various options designed to retain and compensate their employees using, for example, employee share schemes, employee benefit trusts and bonuses. 
     
  • Termination of Employment – we regularly advise on the taxation of termination payments paid to employees, including advice on Post-Employment Notice Payments (PENP). We have developed a free to use app that calculates PENP.
     
  • Employment Ownership Trusts (EOTs) – the team has experience in advising on the tax consequences of transferring a company to an EOT, including applying for and obtaining HMRC tax clearances.
     
  • Internationally Mobile Employees - In the globalised economy, businesses and individuals often work across borders. Whether it is a UK resident going to work overseas for a time, overseas residents coming to work in the UK, or individuals moving in and out regularly, it is important to consider what tax liabilities arise. We advise businesses and individuals as to the tax issues that can arise, from questions of tax residence and double taxation to short term business visitor arrangements, PAYE and social security rules.

Access the PENP calculator

You can access the calculator via the following link: Birketts' PENP calculator.