The Upper Tribunal (UT) decision in John Charman has overturned the First tier Tribunal’s (FTT’s) decision on the chargeability to UK tax of shares acquired as a result of exercising an option in March 2008, which vested in Mr Charman...
HMRC’s employment related securities bulletin for October 2019 has a section on annual reporting of net settled share awards. The deadline employers’ annual reporting concerning employment related securities is 6 July following the end of the income tax year. Whether...
As HMRC launch a new initiative what does this latest campaign mean for football clubs? What is the background to this news and how can employers prepare for a visit from HMRC? How will the football compliance project be delivered?...
After the major changes that were introduced for the 2014/15 tax year, employee share plans and the employer compliance process continue to be in a transition phase for 2015/16. The changes introduced from April 2014 in relation to share plan...
A raft of changes to both tax-advantaged and non-tax-advantaged employee share schemes have hit the statute books in recent years and it is, perhaps, not surprising that amongst the changes made to date a few matters slipped through the net....
3rd July 2015 is National Employee Ownership Day in the UK. The purpose of EO Day is to highlight the benefits of employee ownership to business, whether this is direct ownership, using share plans, or indirect ownership using an employee ownership...
There have been seismic changes in relation to employee share plans. One of the key changes is share plan registration and annual returns filing. From April 2014, all share plans (UK tax-advantaged or UK non tax-advantaged including overseas plans with...
Although the legislation governing Enterprise Management Incentives (EMI) options is fairly flexible, and not particularly restrictive, there are some areas where advisers and companies can get themselves into difficulties. This could mean that the EMI options will not qualify, or...
If the owner of shares in a company gives shares to an employee of the company that will usually be regarded as taxable income of the employee subject to the rules charging receipt of employment-related securities (ERS). (more…)
June is a busy month in the world of employment tax and employment-related securities (ERS) as the following deadlines approach. 5 July This is the effective deadline for making a PAYE settlement agreement (PSA) whereby the employer contracts with HMRC...
HMRC has updated its guidance in relation to employment-related securities and published the latest Share Schemes Bulletin (ERSS Bulletin 15) which includes: an outline of shares & securities changes in Finance Bill 2014; guidance on the commencement and transitional provisions...
Finance Bill 2014 will change the rules taxing employment-related securities (ERS) and employment-related securities options (ERSO) of internationally mobile employees (IMEs). The biggest effect of the change is that income on ERS acquired when non-resident will become taxable as from...
Finance Bill 2014 will change the rules taxing employment-related securities (ERS) and employment-related securities options (ERSO) of internationally mobile employees (IMEs). The biggest effect of the change is that income on ERS acquired when non-resident will become taxable as from...
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