Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
The Quoted Companies Alliance (QCA) is an independent membership organisation that champions the interests of small to mid-sized quoted companies. One...
What are growth shares?Growth shares, also known as value shares or hurdle shares, are a specially constituted class of shares which have restricted...
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...
HMRC considers that an amendment to an enterprise management incentive (EMI) option will be the grant of a new right if it involves any change to the...
Despite there being no express terms of variation in the employee benefit trust (EBT) deed, it should be noted that amendments can often be effected...
When considering offering shares to employees, whether directly and/or pursuant to a share plan, employer companies and company shareholders need to...
If a valid election under section 431 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) is not made within the prescribed 14-day limit...
Entrepreneurs’ relief (ER) is a complex relief for individuals and certain trusts from capital gains tax in respect of disposals of certain business...
From a share incentives perspective, it is possible to grant unapproved share options over shares in the same company at different exercise or option...
Entrepreneurs' relief (ER) is a reduced rate of capital gains tax (CGT) that individuals or trustees, but not companies, can claim when they dispose...
The Share Incentive Plan (SIP) would be an employees’ share scheme (ESS) for Companies Act 2006 (CA 2006) purposes and the funding would be to enable...
Prohibition of public offers by private companyUnder the section 755(1) of the Companies Act 2006 (CA 2006), a private limited company must not:•offer...
As a general comment, share incentive schemes are normally introduced in order to encourage employees to remain working in the business rather than to...
Under Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003), a company or group needs to meet various statutory tests in order to...
The Investment Association Principles of Remuneration state at Section C.2.vii that no awards under a share incentive scheme should be made beyond the...