The following Tax news provides comprehensive and up to date legal information on Tax update spring 2025—Tax analysis
The following Share Incentives news provides comprehensive and up to date legal information on Share Incentives weekly highlights—17 April 2025
The following Share Incentives news provides comprehensive and up to date legal information on Share Incentives weekly highlights—10 April 2025
The following Share Incentives news provides comprehensive and up to date legal information on Share Incentives weekly highlights—3 April 2025
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
Tax implications of salary sacrificeCoronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19),...
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
EMI—HMRC annual returnThis Practice Note details the following:•the EMI annual return form•the pre-registration and timing of completion of the annual return•reportable events•nil returns•unapproved options•penalties for non-compliance•employee's self-assessment obligation, and•obtaining further
EMI valuations for EMI schemesRestricted shares and EMI valuationsFor EMI purposes, restricted shares are shares which are subject to any restrictions described in sections 423(2)–(4) of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003). See Practice Note: What are restricted
Covering letter to EMI option holders (options granted pursuant to EMI rules and agreement)[insert date of letter][insert name of employee][insert address of employee]Dear [insert name of employee][insert name of Company] (Company)Option to be granted under the [insert name of EMI scheme] (the
EMI—qualifying companiesThe EMI regime is prescriptive and sets out numerous requirements that must be met at the time the options are granted, including in relation to:•the company granting the options•the employees being granted the options•the shares being placed under option, and•the options
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