UK tax-advantaged share options are granted under written arrangements which are required to comply with legislative requirements contained in Part 7 and the relevant...
[insert name of company adopting the CSOP] (Company)—[insert Company number] Minutes of a meeting of the[ remuneration committee of the] board of directors of the Company...
[insert name of company adopting the CSOP] (Company)—[insert Company number] Minutes of a meeting of the[ remuneration committee of the] board of directors of the Company...
Introduction This legal due diligence questionnaire relates to the proposed purchase by [insert buyer name] (the Buyer) of the entire issued share capital of [insert name...
ARCHIVED: This archived Practice Note provides background reading on the main differences between the CSOP guidance in ESSUM and where it can now be found in ETASSUM. It...
Companies in both the US and the UK have a long history of involving employees in equity ownership, and both countries have provided tax breaks and implemented other...
[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (the Company) Option granted under...
This Deed is entered into on [insert date on which the deed is executed] by [insert name of the company granting the options] whose registered office is at [insert...
[insert name of company who granted the company share option plan (CSOP) option] (Company) Option certificate in respect of an Option granted under the [insert name of...
Rules of the [insert name of company granting CSOP options] Company share option plan [Approved by the company on [insert date on which the shareholders approved the...
Why do you need to obtain a CSOP valuation? A valuation of the shares granted under company share option plan (CSOP) options will often be required at different stages of...
Capital gains tax—basic principles When a person disposes of an asset and makes a profit that is capital in nature, this has the potential to be a taxable capital gain....
The requirements for a company share option plan (CSOP) rollover are complex. This note will examine: • what is a CSOP rollover? • the reasons for using a CSOP rollover •...
If implemented and maintained correctly and in accordance with the company share option plan (CSOP) legislation, the income tax and National Insurance contributions...
Company share option plans (CSOPs) are discretionary share option plans which can be operated on an all-employee basis but which are usually used on a selective basis. If...
What is a rights issue? A rights issue is: • an offer of new shares or other securities • made to existing shareholders of a company or of a particular class of shares in...
What is a demerger? A demerger is a form of corporate reconstruction. It normally involves the division of a trade (or trades) carried on by a company (or group of...
As a flotation often reaps a higher valuation for the business than under a secondary buyout or trade sale, a flotation of the right business in the right market...
The market value of shares granted under company share option plan (CSOP) options must be determined in order to ensure that: • the exercise price complies with the CSOP...
While company share option plan (CSOP) options do not have to be subject to performance conditions, shareholders typically prefer and expect discretionary share options...
This Practice Note covers the following topics: • the law governing company share option plans (CSOPs) self-certification, registration and filing requirements • the HMRC...
Generally, the statutory provisions governing company share option plans (CSOPs) do not dictate when, or the circumstances in which, options may be or may become capable...
I, [insert full name of option holder], refer to the option over [insert number and class of shares under option] shares of £[insert nominal value of each share under...
Enterprise management incentives (EMI) schemes and company share option plans (CSOPs) are both tax advantageous discretionary share option schemes used widely in the UK....
This Practice Note covers the following topics in high level detail: • what are CSOPs? • the law governing CSOP options • the eligibility requirements: ◦ which shares can...
HMRC consists of specialist departments dealing with specific areas of employment related securities (ERS) and share schemes. The specific HMRC department to contact...