Earlier this year the HMRC codified the tax concession (ESC A81) for legal fees on termination (see our March 2011 ebulletin). The drafting appeared inadvertently to withdraw the concession where settlement is achieved through an Acas-conciliated COT3 rather than a statutory compromise agreement. We understand that the HMRC has now indicated its intention to remedy the drafting if necessary and has confirmed that ESC A81 can continue to be relied on in the meantime to cover COT3s.
Key contacts
Samantha Brown
Managing Partner, Employment, Pensions and Incentives, UK and EMEA, London
Steve Bell
Managing Partner, Employment, Industrial Relations and Safety, Asia and Australia, Melbourne
Emma Rohsler
Partner, Head of Employment, Pensions and Incentives, EMEA, Paris
Tim Leaver
Partner, London
Andrew Taggart
Partner, London
Fatim Jumabhoy
Partner, Head of Employment & Workplace Investigations, Asia, Singapore
Barbara Roth
Partner, New York
Christine Young
Partner, London
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.