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...
ARCHIVED: This archived Practice Note provides background reading on the main differences between the SAYE 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...
HMRC consists of specialist departments dealing with specific areas of employment related securities (ERS) and share schemes. The specific HMRC department to contact...
This note covers the following topics: • the law governing save as you earn (SAYE) options • what is an SAYE scheme? • what requirements must be met for an SAYE scheme? •...
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 develop, often for...
Where an employee is granted a share option under a Schedule 3 SAYE option scheme, the employee benefits from the following tax advantages provided that he exercises the...
This note covers the following topics: • the law governing eligibility for companies to operate a save as you earn (SAYE) scheme • requirements and timing • the aims of...
This note covers the following topics: • the law governing save as you earn (SAYE) options and corporate events • corporate events which may trigger the exercise of SAYE...
This note covers the following topics: • the law governing eligibility to participate in an SAYE scheme • general requirements regarding SAYE participation • who must be...
This note covers the following topics: • the law governing exchange of save as you earn (SAYE) options • exchange of SAYE options ◦ circumstances in which exchange is...
Where an employee is granted a share option under a Schedule 3 SAYE option scheme, the employee benefits from the following tax advantages provided that he exercises the...
This note covers the following topics: • overall requirements for save as you earn (SAYE) schemes and options • the law governing the requirements for SAYE options • what...
This note covers the following topics: • the law governing save as you earn (SAYE) scheme self-certification, registration and filing requirements • the HMRC approval...
The right to exercise save as you earn (SAYE) options is subject to statutory requirements under Schedule 3 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA...
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 same group or may...