UNITED KINGDOM: HMRC have clarified their position relating to the taxation of bonuses - 17 Mar 2009

Deloitte will provide a PDF update document upon request.  Call or email any of the individuals below

Global Rewards Update for United Kingdom:



HM Revenue & Customs (“HMRC”) have clarified their position
relating to the taxation of bonuses.  This position is expected to be
reflected shortly in published guidance.  This update summarises the
informal HMRC guidance in relation to income tax and National Insurance
and is especially relevant for international mobile employees.





Deloitte's Global Rewards Updates are intended to inform you of changes
to local laws surrounding the treatment of rewards over the past few
months.  If you have additional questions regarding any of the changes
or how they impact your company, please feel free to contact any of the
following individuals:



Marlene Zobayan         408-704-4632            mzobayan@deloitte.com<mailto:mzobayan@deloitte.com&gt;

Kate Forsyth            213-593-4279            kforsyth@deloitte.com<mailto:kforsyth@deloitte.com&gt;

Mark Miller             408-704-4308            mamiller@deloitte.com<mailto:mamiller@deloitte.com&gt;