Addleshaw Goddard

This Practice Note examines the characteristics of the most common US all-employee plan—the employee stock purchase plan (ESPP) and the main UK all-employee plans—the save as you earn (SAYE) and the share incentive plan (SIP). It also compares US incentive stock options (ISOs) to the main two tax-advantaged discretionary plans in the UK—the company share option plan (CSOP) and the enterprise management incentives (EMI) plan. Finally, it compares the most common forms of non tax-advantaged share schemes in both jurisdictions. This Practice Note is written in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard. LLP

This Practice Note explains the process of debarment for bribery convictions in the context of public procurement under the Public Contracts Regulations 2015, highlighting where the power to debar comes from and when it applies to offences under the Bribery Act 2010.

This Market Standards Trend Report was published in 2020 and is not maintained. It examines the recommendations and guidelines for public companies in place at the time of publication in relation to ethnic diversity reporting in the UK, focusing on how these have been interpreted, implemented, and reported on by FTSE 100 constituents. The report also examines developments anticipated to have an impact on this area, and provided companies with expert ‘best practice’ guidance in advance of the target deadline set by the Parker Review for FTSE 100 companies to have at least one ethnic minority director on the board by the end of 2021.

Conduct risk is fundamental to Financial Conduct Authority's (FCA) regulatory approach. Since the publication of the 2013 Risk Outlook the FCA has published a number of other papers/market studies which demonstrate the evolution of its approach in relation to conduct risk. This Practice Note considers the evolution of the FCA’s thinking in this area and looks at some examples that can give rise to conduct risk.

This Practice Note provides an introduction to the production of biomethane (a form of biogas and also known as ‘green gas’ in light of its renewable nature). The Practice Note includes details of biomethane’s common uses and an overview of the benefits and drawbacks associated with biomethane’s incorporation into the gas grid. It also includes an examination of the structure of a gas to grid project as well as an outline of the key documents, an examination of the GB market and grid connection process for biomethane; and the legislation and regulation of gas to grid biomethane projects.

This Practice Note considers the impact of gratuitous alienations or transfers at undervalue within the context of property transactions in Scotland and highlights the considerations and safeguards that prospective purchasers and/or lenders should explore.

This Practice Note looks at what constitutes a green bond and covers: (1) green use of proceeds bonds, (2) green use of proceeds revenue bonds, (3) green project bonds, (4) secured green bonds, (5) the components of the Green Bond Principles (use of proceeds, process for evaluation and selection, management of proceeds and reporting), (6) use of external assurance to confirm compliance with principles, (7) methods of verifying green credentials, and (8) how the green bond market is developing.

This Practice Note sets out the HMRC annual return filing requirements that apply to share incentive plans (SIPs) and save as you earn (SAYE) schemes, common filing errors, penalties which can be imposed and the ability to appeal HMRC rulings, as well as HMRC’s confirmed timetable for filing deadlines.

Conduct risk is a corner stone of the Financial Conduct Authority's (FCA) regulatory approach. Conduct risk can present itself in various different ways but are typically driven by the same underlying issues, namely inherent factors, structures and behaviours and environmental factors. This Practice Note focuses on the implications arising from the key drivers of conduct risk.

This Practice Note considers the tax and practical advantages of the Section 110 regime in Ireland. This note discusses the criteria for qualifying companies and assets under the Section 110 regime. This note also considers transfer of assets/true sale and recharacterisation, as well as current market developments in the sector.

This Market Standards Trend Report was published in 2020 and is not maintained. It looks at trends in UK public M&A deals in 2019.

This Market Standards Trend Report was published in 2021 and is not maintained. It looks at trends in UK public M&A deals in 2020.

This Market Standards Trend Report was published in 2020 and is not maintained. It looks at trends in UK public M&A deals in the first half of 2020.

This Practice Note, produced in partnership with Tim Cooper of Addleshaw Goddard LLP, looks at the insolvency of ordinary partnerships and limited partnerships in Scotland. It considers how a Scottish partnership can apply for its own sequestration, how creditors can petition for sequestration and other differences for Scottish Partnerships.

This Practice Note, produced in partnership with Tim Cooper of Addleshaw Goddard LLP and Eileen Maclean of Insolvency Support Services Limited, looks at members’ voluntary liquidations (MVLs) in Scotland including The Insolvency (Scotland) (Receivership and Winding up) Rules 2018.

This Practice Note, produced in partnership with Tim Cooper of Addleshaw Goddard LLP, David Menzies of ICAS and Louise Laing of Brodies LLP, looks at the process to enter creditors’ voluntary liquidation (CVL) of a company registered in Scotland and the appointment of a liquidator by creditors.

This Practice Note examines the powers to search, detain and recover cryptoassets, or cryptoasset-related items, in civil asset recovery proceedings under the Proceeds of Crime Act 2002 (POCA 2002) as introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023).

This Practice Note examines the powers to search for, detain and recover cryptoassets, or cryptoasset-related items, in restraint and confiscation proceedings under Part 2 of the Proceeds of Crime Act 2002 (POCA 2002), as introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023).

This Practice Note sets out the self-certification, registration and filing requirements that apply to share incentive plans (SIPs) and save as you earn (SAYE) schemes. It sets out the notification requirements which must be met in order for a plan to qualify as a tax advantaged SIP or SAYE scheme, including the practical issues involved in signing up in order to register a SIP or SAYE scheme. This Practice Note also considers HMRC’s powers to enquire into whether a SIP or SAYE scheme meets the legislative requirements, the potential outcomes of such an enquiry and the different penalty regimes that can apply.

This Practice Note looks at the income tax and National Insurance contributions (NICs) treatment of share incentive plan (SIP) awards granted under a SIP which qualifies under Schedule 2 of the Income Tax (Earnings and Pensions) Act 2003 (ie is a ‘Schedule 2 SIP’). This Practice Note looks at how each type of SIP award is taxed including an examination of the PAYE and NICs treatment of such SIP awards in the event of cessation of employment and change of control of the SIP company. This Practice Note is written in conjunction with Jonathan Fletcher Rogers of Addleshaw Goddard.