Tolley's Guide to Employee Share Schemes

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Taxation (General)
Tolley's Guide to Employee Share Schemes

Tolley's Guide to Employee Share Schemes

Availability:: Available
Product Id:: ukprod9780754537663GESS
Product Code:: GESS
ISBN/ISSN:: 9780754537663
Publication Date:: 20/11/2009
Format:: Print
Price:: �96.25

With Tolley's Guide to Employee Share Schemes you can be sure you're giving the best, up-to-date guidance on implementing employee share schemes which will save money for your client. This new title from LexisNexis evaluates the range of employee share schemes available, looking at their processes, the statutory and regulatory requirements, HMRC's interpretation of share scheme issues and most importantly the tax benefits associated with the various schemes. You can rely on the detailed and expert guidance contained in this title to ensure you choose the most effective and tax efficient employee share scheme.

This indispensable guide is written in a clear, practical style and includes worked examples and case studies throughout.

Key topics include:
* Employee Share Schemes in an economic downturn
* 'Underwater Options'
* Changes to the participation limits on EMI
* Additions to the qualifying company rules for EMI
* Impact of the residence and domicile tax reforms on the employment-related securities legislation
* Stamp duty changes
* Further HMRC interpretation of the employment-related securities legislation
* Interaction between the new entrepreneurs' relief and share schemes
* Accounting bodies pronouncement on the treatment of SAYE options
* HMRC publication of evidence on the effectiveness of EMI
* Gradual introduction of Companies Act 2006 and the impact on share schemes
* Opportunity to introduce share loan schemes for directors through relaxation of rules
* Case law, Duarte v. Black and Decker, and the enforceability of restrictive covenants on share scheme rules
* Case law, Finnegan v. J.E. Davy, and the forfeiture of compulsorily deferred bonuses

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Section One:
Why Employee Share Schemes?
1. The Purpose of Employee Share Schemes;
2. The Concept of Tax Approval;
3. The Business Case for Employee Share Schemes;
4. The Empirical Evidence for Employee Share Schemes;
5. Employee Share Scheme Case Studies;

Section Two:
Topical Subjects for Debate and Discussion;
6. The Process of Scheme Design;
7. Underwater Options and Share Price Volatility;
8. Coping with a Downturn in the Share Price;
9. Progressive Communication Strategies;

Section Three:
The Government-Tax-Sponsored Schemes;
10. The Tax-Approved Savings-Related Share Option Scheme;
11. The Tax-Approved Executive/Company Share Option Scheme;
12. The Tax Approved Share Incentive Plan;
13. Enterprise Management Incentives;
14. The Finance Act 2003 Changes to the Tax Approved Schemes;

Section Four:
The Traditional Tax-Unapproved Arrangements;
15. The Tax-Unapproved Share Option Scheme;
16. The Phantom Share Option Scheme;
17. The Long-Term Incentive Plan;

Section Five:
Employee Share Trusts;
18. The Origins of the Employee Share Trust;
19. The Operation of the Employee Share Trust;
20. The Employer's Responsibilities in Operating Employee Share Schemes;
21. The Checklist for an Employee Share Trust;
22. The Employee Share Trust for Management Buy-Outs;
23. The Tax Issues for Employee Share Trusts established by Close Companies;

Section Six:
The Statutory and Regulatory Framework;
24. The Employer's Statutory Framework;
25. Securities Law;
26. Financial Services Law;
27. Model Code and Insider Dealing;
28. Employment Law;
29. Age Discrimination;
30. Share Schemes for Non-Employees;
31. Annual Report Disclosure Requirements;
32. Institutional Investor Guidelines;
33. The European Prospective Directive;
34. The Accounting Rules;
35. Treasury Shares;
36. Transfer Pricing and Recharge Arrangements;

Section Seven: Mainline Tax Provisions;
37. Pay As You Earn and National Insurance Contributions;
38. Corporation Tax Relief, including Deferred Tax Credits;
39. Capital Gains Tax Implications for Employee Share Schemes;

Section Eight:
The Interpretation of Part 7, ITEPA 2003;
40. The Development of the Tax Legislation;
42. Restricted Securities: Chapter 2;
43. Convertible Securities: Chapter 3;
44. Securities with Artificially Depressed Market Value: Chapter 3A;
45. Securities with Artificially Enhanced Market Value: Chapter 3B;
46. Securities Acquired for less than Market Value and Notional Loans: Chapter 3C;
47. Securities Disposed of for more than Market Value: Chapter 3D;
48. Post-Acquisition Benefits from Securities: Chapter 4;
49. Alphabet Shares;
50. Shares in Research Institution Spin-Out Companies: Chapter 4A;
51. Earn-Outs;
52. Share Loan Schemes;
53. Subsidiary Company Share Schemes;
54. Growth Shares;
55. Flowering Shares;
56. Ratchet Arrangements;
57. The Reporting of Employment-Related Securities;

Section Nine:
The Overseas Implications;
58. Overseas Scheme Arrangements;
59. Overseas Implications of Part 7, Finance Act 2003;
60. Employee Share Schemes in the U.S.A.

Appendices

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By David Craddock. David is an independent consultant specialising in employee share ownership and reward management. Following a successful corporate career in which he established numerous employee share schemes worldwide, he founded his own consultancy services company, David Craddock Consultancy Services, where he has developed a varied clientele ranging from major public limited companies to small-medium sized private concerns. David is a member of The Federation of Tax Advisors and The Institute of Directors and is a regular and well known speaker at conferences and seminars.

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