Frequently Asked Questions about: Stamp Duty Land Tax – surcharge for non-residents Raising taxes on property has been an easy target for the government for a number of years. Aside from increasing the scope of capital gains taxes on property, particularly on non-residents, the 3% surcharge for second properties was one of a number of changes aimed at specifically increasing [...]
Employment Law Update – Details on the Job Retention Bonus A new Treasury Direction was published on 1 October 2020, providing further details on the Coronavirus Job Retention Scheme (Job Retention) Bonus (the Job Retention Bonus). The Job Retention Bonus The Job Retention Bonus, which is described is an incentive to retain staff, is a one-off taxable bonus of £1,000 [...]
The Job Support Scheme Extension Ahead of the further coronavirus restrictions which are anticipated to be imposed over the coming winter months, the Chancellor has announced an extension to the Job Support Scheme (JSS) which is set to start on 1 November 2020. The JSS will be replacing the existing furlough scheme, further details of [...]
Employment law update - Job Support Scheme What is the Job Support Scheme? The Coronavirus Job Retention Scheme (CJRS), otherwise known as the “furlough scheme” will end on 31 October 2020 and will be replaced by the new Job Support Scheme (JSS), which will start on 1 November 2020 and continue until the end of April 2021. JSS is intended [...]
Teacher Stern has been recommended as a top-tier firm with an elite Leading Lawyer in the Legal 500 2021 Teacher Stern is delighted to be recommended as a top-tier firm in 5 practice areas in The Legal 500 UK 2021 edition. The team are also celebrating Martine Nathan’s listing as a leading individual in the elite Leading Lawyers group. Martine [...]
Where there is a will… …there is peace of mind. If you do not have a will written, perhaps now is the time to decide what you would like done with your money and assets upon your death. Many of us shy away from thinking about our passing, however it is an important topic to address and discuss with our [...]
Inheritance tax - What is it and who pays it? Definition: Inheritance Tax: a tax on the estate, normally property, money and possessions, of someone who has died. Also known as IHT. The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold. Who pays: We are all allowed to leave [...]
Teacher Stern welcomes new additions to the private client team New additions to the Teacher Stern team bolster the Private Client offering and ensures the Firm continues to deliver client-centric results. Teacher Stern would like to welcome Emma Myers and Robyn Dann to the team. Emma will head up the Private Client department as Partner and will work closely with [...]
Immigration Update: The UK’s post-Brexit Immigration System On 13 July 2020, the UK government released a new policy paper telling us what the UK’s points-based system will look like post-Brexit. The new system will take effect on 1 January 2021, when freedom of movement between the UK and the EU comes to an end. The new rules and requirements will [...]
This Q&A is guidance and does not constitute legal advice. The guidance provided is correct as at 10 July 2020 but is subject to change as the situation evolves. If anyone has any questions leading on from these Q&A guidelines, they should contact a member of our Employment Team at emp@teacherstern.com. Employees on furlough under the Coronavirus Job Retention Scheme [...]
