Enterprise management incentives

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Spring Budget 2020—Tax analysis

The following Tax news provides comprehensive and up to date legal information on Spring Budget 2020—Tax analysis

Draft Finance Bill 2019–20—Tax analysis

The following Tax news provides comprehensive and up to date legal information on Draft Finance Bill 2019–20—Tax analysis

Spring Budget 2020—views from the market

The following Tax news provides comprehensive and up to date legal information on Spring Budget 2020—views from the market

Share Incentives weekly highlights—14 January 2021

The following Share Incentives news provides comprehensive and up to date legal information on Share Incentives weekly highlights—14 January 2021

Featured Share Incentives content

Directors’ remuneration

Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a...

How CSOPs work and key features

This Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the eligibility...

Unapproved share options

What are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions have been met (such as the...

When is an SAYE scheme appropriate?

This Practice Note covers the following topics:•attractions of save as you earn (SAYE) schemes•can the company qualify to operate an SAYE...

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

9th Nov

Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...

9th Nov

Brexit

Practice notes

FATCA in the UK—the UK:US Intergovernmental Agreement: an outline

Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...

Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan

In-house

Practice notes

Nil paid and partly paid shares—tax treatment

Overview of nil paid and partly paid sharesThe opportunity to subscribe for or purchase shares nil or partly paid has been and continues to be a...

Produced in partnership with Simon Adams of RSM UK Tax and Accounting Limited 12th Jan

Practice notes

The Quoted Companies Alliance (QCA) Corporate Governance Code

The Quoted Companies Alliance (QCA) is an independent membership organisation that champions the interests of small to mid-sized quoted companies. One...

9th Nov

Practice notes

Comparison of UK and US share incentive arrangements

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...

Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 12th Jan

Practice notes

Growth shares—practical examples and comparisons with options

What are growth shares?Growth shares, also known as value shares or hurdle shares, are a specially constituted class of shares which have restricted...

9th Nov

Practice notes

Long-term incentive plans—income tax and NICs treatment

Types of LTIP awardsThe most common type of awards that can be made under a long-term incentive plan (LTIP) include:•conditional share awards (which...

Produced in partnership with Jeremy Edwards of Baker McKenzie 12th Jan

Practice notes

Unapproved share options—tax treatment

Specific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7, Chapter 5) (ITEPA 2003)) apply to...

9th Nov

Most recent Enterprise management incentives content

Practice notes

Business asset disposal relief (previously entrepreneurs' relief) and enterprise management incentives (EMI) schemes

Business asset disposal reliefBusiness asset disposal relief (BADR), is a capital gains tax (CGT) relief designed to encourage individuals to set up...

15th Jan

Practice notes

EMI—qualifying companies

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

EMI options—common misunderstandings and mistakes

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

Introduction to enterprise management incentives (EMI) schemes

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

EMI valuations for EMI schemes

Coronavirus (COVID-19): On 8 June 2020 HMRC confirmed in its Employment Related Securities Bulletin 35 that any new EMI valuation agreement letter...

15th Jan

Practice notes

EMI—HMRC annual return

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

Parallel options

The purpose of this note is to outline the main areas where parallel options are typically of use, how they impact upon other share incentive...

Produced in partnership with Will Cookson 15th Jan

Practice notes

Joint ventures and tax-advantaged share schemes

What is a joint venture?A joint venture (JV) is a commercial arrangement entered into by two or more independent parties whereby each party agrees to...

15th Jan

Practice notes

EMI—notification of grant of options to HMRC

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

Table summarising the income tax, National Insurance contributions (NICs), capital gains tax (CGT) and business asset disposal relief (BADR) (previously entrepreneurs' relief) treatment of enterprise management incentives (EMI) options and shares

Due to the complexities of the legislation governing business asset disposal relief (BADR) (previously entrepreneurs' relief) and the legislation...

15th Jan

Practice notes

Comparison of UK and US share incentive arrangements

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...

Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 15th Jan

Practice notes

Amending subsisting tax-advantaged share option plans

UK tax-advantaged share options are granted under written arrangements which are required to comply with legislative requirements contained in Part 7...

Produced in partnership with Dan Sharman of Osborne Clarke and Michael Carter of Osborne Clarke 15th Jan

Practice notes

EMI—rollover of options

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

Enterprise management incentives (EMI)—income tax and NIC treatment of options

While the enterprise management incentives (EMI) eligibility criteria are very strict, the income tax and National Insurance contributions (NICs)...

15th Jan

Practice notes

EMI—CGT, including business asset disposal relief (previously entrepreneurs' relief) and corporation tax relief

FORTHCOMING CHANGE: On 14 July 2020, the Office of Tax Simplification announced that it is conducting a review of capital gains tax (CGT), seeking...

15th Jan

Practice notes

EMI and disqualifying events

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Practice notes

The effect of multiple employments on the eligibility requirements of tax-advantaged share plans

Individuals may, at any one time, be employed by more than one employer, usually on a part-time basis for each company. These companies may sit in the...

15th Jan

Practice notes

How do I contact HMRC with a share schemes related query?

HMRC consists of specialist departments dealing with specific areas of employment related securities (ERS) and share schemes. The specific HMRC...

15th Jan

Practice notes

When is an EMI scheme appropriate?

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

15th Jan

Precedents