The following Share Incentives practice note provides comprehensive and up to date legal information covering:
HMRC consists of specialist departments dealing with specific areas of employment related securities (ERS) and share schemes. The specific HMRC department to contact depends on the particular issue in question.
It used to be that any technical query in regard to tax-advantaged shares schemes and ERS be directed to the Employee Share Schemes Unit (ESSU) and that any technical query relating to enterprise management incentives (EMI) schemes be directed to the Small Company Enterprise Centre (SCEC). However, following Employment Related Securities Bulletin 30 (October 2018), it appears that HMRC is making a concerted effort to re-direct such queries (save for advance assurance applications—see: EMI advance assurance below) through the non-statutory clearance process.
However contrary to this on 30 January 2019, HMRC updated its Contact HMRC page to state that for any general ERS issues including the registration of ERS schemes and arrangements, HMRC should be contacted by phone on 0300 322 7074. In addition, for any technical enquiries on ERS, share schemes and EMI schemes, HMRC can be written to at HM Revenue and Customs Charities, Savings and International 1 BX9 1AU, UK. This was further reinforced in the Employment Related Securities Bulletin 31 (March 2019).
In respect of option notifications appeals and non-online EMI filings (where permitted), these should be made to: HM Revenue & Customs, Charities, Savings & International 1, BX9 1AU
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
Issue estoppel is a sub-species of the res judicata doctrine (see Practice Note: The doctrine of res judicata). In addition to the general key requirements for establishing a res judicata (see Practice Note: Key requirements to establish a res judicata), this Practice Note considers the specific
What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.