Employee benefit trusts

Employee benefit trusts guidance:

Produced in partnership with Jeremy Glover of Reed Smith [insert name of Company] Company No[insert registered number of Company] (the Company) Minutes of a Meeting of...

Precedents

Produced in partnership with Jeremy Glover of Reed Smith [insert name of Company] Company No [insert registered number of Company] (the Company) Minutes of a Meeting of...

Precedents

Produced in partnership with Jeremy Glover of Reed Smith Minutes of a Meeting of the Board of Directors of the Company held at [insert place of meeting] at [insert time...

Precedents

Private companies that implement share option schemes will often make use of 'exit-only' options, meaning that share options can only be exercised by participants when...

Practice Note

In 2011, anti-avoidance legislation in the form of Part 7A of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) was introduced to tackle arrangements aimed at...

Practice Note

Introduction HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax and National Insurance contributions...

Practice Note

The huge volume of legislation that comprises Part 7A of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) (the disguised remuneration rules) was introduced by...

Practice Note

Sections 554A–554AA of Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) are referred to by HMRC as the ‘gateway’ to the disguised remuneration legislation (this...

Practice Note

One of the criticisms of the disguised remuneration legislation, introduced as Part 7A of the Income Tax (Earnings and Pensions) Act 2003 by Finance Act 2011, was that it...

Practice Note

This Practice Note focuses on the meaning of a 'relevant step'. One of the requirements set out in the 'gateway' to the disguised remuneration rules (in section 554A of...

Practice Note

Under the disguised remuneration rules, the value of the 'relevant step' counts as employment income. For the meaning of a relevant step, see Practice Note: Disguised...

Practice Note

Produced in partnership with Jeremy Glover of Reed Smith This Deed is made on [insert date of Deed] Parties 1 [Insert name of Company] registered in [insert where the...

Precedents

Produced in partnership with Jeremy Glover of Reed Smith This Deed is dated [insert date] Parties 1 [insert full name of Trustee] incorporated and registered in [insert...

Precedents

Produced in partnership with Jeremy Glover of Reed Smith This Deed is made as on [insert date of deed] Parties 1 [Insert name of company] registered in [insert where the...

Precedents

Produced in partnership with Jeremy Glover of Reed Smith This DEED is made on [insert date on which this deed is executed by all parties] Parties 1 [Insert name of...

Precedents

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...

Precedents

Employee benefit trusts (EBTs) are commonly used to support employees' share schemes and to provide other benefits to employees in the form of pensions and bonuses. Their...

Practice Note

Employee benefit trusts (EBTs) are a type of discretionary trust which are primarily established to enable companies to provide shares, cash or other benefits to their...

Practice Note

Overview of potential IHT charges It is important when establishing or operating an employee benefit trust (EBT) that the potential for Inheritance Tax (IHT) charges to...

Practice Note

Relevance of the takeover code to share acquisitions by an EBT It may be necessary to consult the Takeover Panel (Panel) in certain circumstances if the trustee of an...

Practice Note

This Practice Note covers the application of the Investment Association (IA) remuneration principles to employee benefit trusts (EBTs). The principles are contained in...

Practice Note

FORTHCOMING CHANGE: The EU Fifth Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force on 9 July 2018. The...

Practice Note

Employee benefit trusts (EBTs) are commonly used to support employees' share schemes and to provide other benefits to employees in the form of pensions and bonuses. Their...

Practice Note

FORTHCOMING CHANGE: The EU Fifth Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force on 9 July 2018. The...

Practice Note

Produced in partnership with David Pett of Temple Tax Chambers This Deed is dated [insert date on which this deed is executed by all parties] Parties 1 [Insert name of...

Precedents

Disguised remuneration and share schemes HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax and...

Practice Note