Dan Sharman

This Practice Note examines the implications of waiving or amending performance conditions in respect of subsisting share options and awards including those granted under tax-advantaged share plans such as enterprise management incentives (EMI) schemes, save as you earn (SAYE) schemes, company share option plans (CSOPs) and share incentive plans (SIPs). It looks at both the potential tax consequences in relation to tax advantaged plans of amending performance conditions of subsisting share options and awards as well as the contractual issues which can arise in relation to all types of awards.

This Practice Note explains what constitute convertible securities for the purposes of the specific income tax charging provisions applying to employment-related securities that are convertible securities. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note explains the income tax treatment of convertible securities that are employment-related securities. The treatment on acquisition and then on disposal, conversion or other subsequent chargeable events is considered, as well as the exclusions from charge. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note explains the circumstances in which deferred consideration in the form of an earn-out on a company sale will be taxed as income or capital gains. The impact of the specific rules relating to securities options, restricted securities, convertible securities and securities disposed of for more than market value in the context of earn-out arrangements are also considered. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note explains the reporting obligations which arise in relation employment-related securities and securities options. It details the types of reportable events, the types of responsible persons, how and when to file a report, and the penalties for failure to comply with the obligations. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note provides guidance on the procedure for making a valid restricted securities election. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths LLP.

This Practice Note explains when employees or directors are subject to income tax on post-acquisition benefits received in connection with employment-related securities. The exclusions from charge are considered, as well as the implications for ratchet arrangements. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note explains the circumstances in which income tax (and NICs) charges can arise for an employee or director in relation to restricted securities that are employment-related, including upon the lifting, variation or expiry of the restrictions, or the disposal of the restricted securities. The note also sets out how the director or employee and the employing company may jointly elect for an alternative tax treatment using section 425 elections, 431 elections or 430 elections. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths LLP.

This Practice Note explains the rules applying to employment-related securities acquired for less than market value. The annual income tax charge on the notional loan is explained, as well as the tax consequences of discharging the notional loan. The exclusions from charge are also considered. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note explains the circumstances in which income tax (and associated PAYE and NICs) charges can arise under Part 7, Chapter 3D of the Income Tax (Earnings and Pensions) Act 2003 when employment-related securities are disposed of for more than their market value. This Practice Note also sets out how such tax charges are computed. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths LLP.

This Practice Note explains the income tax treatment of securities options that are employment-related. The tax treatment on acquisition and on subsequent exercise (or other chargeable event) is considered. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths.

This Practice Note sets out the key considerations and illustrative computations for determining which restricted securities election to make, ie whether to elect under section 425 or section 431 of the Income Tax (Earnings and Pensions) Act 2003 (or to make no election at all) upon the acquisition of restricted securities. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths LLP.

This Checklist highlights key chargeable events that can result in employment-related securities income tax and National Insurance contributions (NICs) charges, including when an employee or director acquires employment-related securities, certain events during the ownership of those employment-related securities, the disposal of those employment-related securities and also the acquisition and disposal of unapproved employment-related securities options. This Checklist was produced in partnership with Dan Sharman of Shoosmiths.