Ernst & Young strengthens employment tax practice with four senior appointments
London, 24 October 2011: Ernst & Young has today announced four senior tax appointments, as part of ambitious plans to double its UK & Ireland employment tax business over the next three years.
To spearhead the team, Ian Hopkinson has joined the firm from KPMG, where he previously led the people services practice. John Chaplin has been appointed as a Director, also from KPMG; and Mark Morton, who has been with the firm for four years, has been promoted to Director. Rajesh Bhundia has joined from KPMG as a Director to lead the Financial Sector employment tax team.
Ian, who brings over 20 years of experience to his new role, says that it is an exciting time to be joining the team. “We have set ambitious but achievable growth targets for the next three years, based on the strength of demand we are seeing for employment tax related services from clients. Companies are starting to ramp up their workforces once again, as we enter the tentative stages of economic recovery, and are looking to advisors to help them manage the associated costs and risks.”
He added: “One of the biggest challenges facing many of these businesses is the introduction of Real Time Information; the most significant change to the PAYE system since 1944, which comes into force in the next 18 months. In order to provide the quality and volume of data that will be required by HMRC on a monthly basis, companies have to make sure they have the right back office systems and processes in place.”
John Dixon, head of Ernst & Young’s tax practice in the UK & Ireland said: “Our new joiners are going to be a real asset to the employment tax team and will increase the range of services we are able to offer our clients. I’m confident that under Ian’s leadership, the practice will continue to grow.”
Notes to editors: biographies
Ian Hopkinson previously led KPMG’s People Services team and brings over 20 years of experience to his new role. Ian specialises in helping organisations manage the costs and risks of employing people, particularly on UK and international employment tax issues and employee benefits. He has worked with clients across a range of industries, with a particular focus on media and technology.
Rajesh Bhundia is responsible for leading Ernst & Young’s Financial Services Employment Tax team across the UK. He has joined the firm from KPMG and specialises in working with clients from across the banking and insurance sector. With the renewed focus on compliance in the financial services sector, pressure being imposed by international regulatory authorities, and the volatile international markets, Rajesh sees a tremendous opportunity for the team to be called upon by clients in managing their relationship with HMRC, both from an employment tax cost and risk perspective.
John Chaplin has over 25 years experience in employment tax. He specialises in helping clients to deal with tax issues in their labour supply, from improving the tax efficiency of employment packages to advising agencies and businesses involved in labour supply on the impact of legislative changes, such as the Agency Worker’s Regulations.
Mark Morton leads Ernst & Young’s employment tax team in the East of England and also heads up the company car consulting team. Mark has worked with a number of motor manufacturers and retailers, applying his knowledge of company car fleet planning and Employee Car Ownership arrangements.