The EU-UK Trade and Cooperation Agreement contains a framework agreement for the future treatment of workers through a Protocol on Social Security. The Protocol puts in place measures so that social security benefits are coordinated and protects individuals (and their employers) against double social security contributions. That being said, employers sending employees from the UK to the EU and the EU to the UK still face more difficulties than exist under the EU regulatory framework (which ceased to apply from 31 December 2020). Jeremy Edwards and Don-Tobias Jol of Baker McKenzie explore the implications from both a UK and Dutch perspective.
Jeremy Edwards is a partner and the head of the Employee Benefits Group in Baker McKenzie’s London office. He advises on all aspects of employee share plans and employee taxation. Jeremy has over 24 years’ experience as a share plan lawyer and two years’ experience as a corporate lawyer. He is currently serving on the advisory panel of ProShare and is a regular speaker at share plan conferences held in the United Kingdom.
Jeremy has substantial UK experience, including implementing plans for UK-listed companies and dealing with issues arising for UK-listed companies, including advising on executive remuneration developments, UK tax issues and the position on cessation of employment and dealing with share plans in the context of corporate transactions.
He has extensive experience in connection with the implementation of share plans globally and working with multinational clients.
Don-Tobias Jol is a partner within the Amsterdam Tax practice with over 19 years of experience. He focuses on global compensation and benefits advisory, with particular emphasis on executive and equity-based compensation. Don-Tobias is a frequent author and speaker on a variety of international remuneration issues, and currently serves on the Board of Directors of the Global Equity Organization (GEO). He has been on international assignments to South Africa (in 2005 and 2006) and Saudi Arabia (in 2012 and 2013) to serve clients of his respective employers at the time. Don-Tobias is a member of Baker McKenzie’s Global Employment & Compensation Practice Group, and heads the Firm’s Dutch Compensation & Benefits advisory team.
Don-Tobias’ key area of expertise is global compensation and benefits, and he focuses on the fields of executive, equity and broad-based compensation. Within executive compensation, he assists multinational corporations in creating strategically aligned reward packages that comply with the relevant tax, legal and corporate governance rules. In the field of equity compensation, he designs share-based remuneration plans, and also advises on remuneration in case of mergers, acquisitions, IPOs and private equity transactions. When consulting on broad-based compensation, Don-Tobias offers wage and income tax as well as social security advisory for both local and expatriate employees, including issues such as salary splits, severance payments, corresponding pension approvals, immigration law et cetera.