Reports on executive pay is regularly in the news. Includes subtopics on corporate governance, remuneration issues for financial services firms and a comparison of UK Corporate Governance remuneration principles.
This is a very practical Practice Note on a complicated area of law. Updated documents and a Practice Note examining common disguised remuneration scenarios in share schemes. There is no equivalent available in the market.
keeping up to date on developments is really important for this sector. We produce a weekly Share Incentives highlights report which is emailed direct to subscribers’ inboxes and which also appears on our new carousel.
Clear, no-nonsense practice notes take you through what you need to know – with direct links straight to the right part of the trusted tax bibles: Tolley’s Yellow and Orange Tax Handbooks, Simon’s Tax Cases and HMRC’s Manuals. And when you need to delve deeper, direct links to trusted authority, including Simon’s Taxes plus articles from Tax Journal and Taxation, in Lexis®Library. In addition, our up-to-date editable PDF forms and Smart Precedents take less time to draft.
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This week's edition of Share Incentives weekly highlights includes the CIOT’s submission in relation to employee ownership trusts (EOTs)....
This week's edition of Share Incentives weekly highlights includes: (1) the government announcement of an increase in National Insurance contributions...
This week's edition of Share Incentives weekly highlights includes a summary of the decision in R (on the application of Iain Clamp and Jeremy Beck) v...
Tax analysis: In The Queen (on the application of Iain Clamp) the High Court declined to grant judicial review of a decision by HMRC to refuse to give...
This week's edition of Share Incentives weekly highlights includes the Court of Session’s decision in Vermilion Holdings Limited v The Commissioners...
Brexit and IP completion day—implications for employment lawyersThis Practice Note outlines the key general implications in relation to employment law...
Impact under Financial Services and Markets Act 2000 of offering shares to non-executive directorsIt is common for employees, and especially executive...
Employee ownership trustsWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular type of employee benefit trust (EBT)...
Coronavirus (COVID-19)—tax implicationsThe government has announced a number of measures in response to the coronavirus (COVID-19) crisis either that...
Coronavirus Job Retention Scheme (extended version 1 November 2020 to 30 April 2021)This Practice Note considers the extended version of the...
Letter from company to acknowledge salary sacrifice[insert date of letter]To: [insert name of employee]From: [insert name of person in charge of...
Share plan clauses in settlement agreements1Details of AwardsAs at the Termination Date, you hold awards granted to you relating to the shares of [the...
Letter from company inviting employees to join salary sacrifice[Insert name and address of employee][For use only where the employee is foregoing...
Letter from employee to company confirming agreement to salary sacrifice[For use only where the employee is foregoing salary for the following...
HMRC salary sacrifice clearance letterHMRCNon-Statutory Clearance Team S0563Saxon House1 Causeway LaneLeicesterLE1 4AA[insert date of letter][insert...
Directors’ remunerationCompany directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration...
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
Malus and clawbackFORTHCOMING CHANGE: On 18 March 2021, it was announced that the government was launching a consultation on wide-ranging reforms to...
Remuneration Code for BIPRU firmsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
How CSOPs work and key featuresThis Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the...
The Quoted Companies Alliance (QCA) Corporate Governance CodeThe Quoted Companies Alliance (QCA) is an independent membership organisation that...
Payments for a director’s loss of officeThe Companies Act 2006 (CA 2006) contains provisions relating to payments made by a company to a director as...
IFPRU Remuneration CodeBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
FORTHCOMING CHANGE: On 18 March 2021, it was announced that the government was launching a consultation on wide-ranging reforms to modernise the...
Non-executive directors—independenceThe concept of independence is key to provisions in the UK Corporate Governance Code (UKCG Code) on board...
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
Unapproved share optionsWhat are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions...
EMI—trading activitiesEMI Review: In the Spring Budget 2020, the government announced that it will review the enterprise management incentives (EMI)...
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
Form E is the financial statement standard-form document used to set out each party's relevant financial and other circumstances when a financial application has been made. Family Procedure Rules 2010 requires both parties to simultaneously exchange and file at court a statement of their financial circumstances in Form E.
The fixed par value or face value of a share or other financial instrument as defined in CA 2006, s 542. The market value of the share may thus be lower or higher than the nominal value. Any value above the nominal value is called the share premium.
A notice given under HGCRA 1996, s 110A by a payer (or specified person) or the payee setting out the amount to be paid and how it is calculated. Most standard form contracts provide that the notice is to be given by the payer (or specified person).
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