Gannons' opinion and analysis

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Shareholder leavers: the fall out

In start-up companies, founders compete for the best staff. Founders often gift equity to new joiners to attract them.  Many start-ups use the model articles that are automatically provided by the government in the form of model articles. This works splendidly while all…

Secondments abroad

Being transferred or seconded abroad for business changes your employment terms and tax position. If you have share awards or a performance bonus surprise tax charges can arise. HMRC vigorously enforce anti avoidance legislation.  We explain the law so you avoid…

FCA investigation

After the latest FCA investigations, the FCA censured and banned a former LIBOR submitter at an investment bank. He had manipulated rate submissions. Now, the submitter is banned for life from performing regulated activities, and must pay a £250,000+ fine. This…

Compromise agreement: tax free?

Payments under a settlement agreement (also known as a compromise agreement) are one of the only remaining ways an employee can receive tax free payments.  However this does depend on getting the structure and wording right. Ensuring employees benefit under…

Whistleblowing protections

The topic of whistleblowing is very much in the limelight following recent events.  Employees and directors are key to exposing scandals for the benefit of the public. However, they naturally fear for their jobs if they blow the whistle.  The government…

Bribery & corruption: demonstrate vigilance

Bribery and corruption leads to fines, sanctions and reputational damage as findings are publicised following conviction. Employers must be seen to take compliance to prevent bribery and corruption seriously. If your business can not demonstrate vigilance, directors risk criminal prosecution.  Bribery and corruption – successful…