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Employment Tax and Banks

Stephen Woodhouse, Tax Partner, Deloitte, highlights some of the key employment-related tax issues facing financial institutions and the banking sector in particular

 
Stephen Woodhouse Tax Partner Deloitte highlights some of the key employment-related tax issues facing financial institutions and the banking sector in particular
 
The financial services industry and the investment banking sector in particular has been the focus over the last decade for an ongoing debate between the major employers and HMRC supported by professional advisers on one side and constantly changing — and potentially retrospective — legislation on the other. The debate has been fuelled by press coverage of some of the larger reported bonus amounts in the context of the 'fat cat' debate and the wider role of the City.
 
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