Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Offshore employment intermediaries: UK PAYE/NICs liabilities post-FA 2014—agency and host-employer rules, continental shelf, travel expenses and practical considerations

Published by a LexisNexis Tax expert

Practice notes

Offshore employment intermediaries—income tax provisions

This PrACTice Note sets out the income tax rules relevant to offshore employment intermediaries. It includes an outline of the position before and after the amendments brought in by the Finance Act 2014 (FA 2014), together with practical points to consider. The offshore employment intermediaries regime applies where an offshore Intermediary entity is used to arrange the provision of services by UK Workers. The rules are primarily designed to ensure that employment taxes—National Insurance contributions (NICs)—are accounted for when offshore employers engage UK workers who ultimately perform work for companies based in the UK. For the treatment of onshore employment intermediaries, see Practice Notes: Onshore employment intermediaries—income tax provisions and Onshore employment intermediaries—key practical considerations...

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Patrick Ford

Squire Patton Boggs

Patrick Ford's expertise covers advising on the tax implications of corporate finance and property transactions as well as tax structuring opportunities in connection with such transactions and corporate restructuring generally. Patrick has varied experience of employee incentive work and has drafted documentation for, implemented and advised on the operation of a wide range of equity based employee incentive arrangements. He also has extensive experience of advising on employment and pensions tax related issues. Patrick was ranked the top tax lawyer in the north west of England in Chambers UK 2014 and Chambers UK 2015, with comments including that "he has the pulse and understands how tax works - you think to yourself, 'he's a find'" and "he provided fantastic support on complex tax issues. He was extremely responsive to our deadlines and got to understand our ways of working very...

Web page updated on 21/05/2026

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