SIP—eligibility requirements and self-certification process

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Practice notes
How CSOPs work and key featuresThis Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the...
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The Quoted Companies Alliance (QCA) Corporate Governance CodeThe Quoted Companies Alliance (QCA) is an independent membership organisation that...
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Practice notes
How employment income is taxed—non-cash earnings or benefitsIn addition to cash earnings, such as wages or salaries, many reward packages include...
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Practice notes
IFPRU Remuneration CodeBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
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Practice notes
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
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Precedents
FORTHCOMING CHANGE: On 18 March 2021, it was announced that the government was launching a consultation on wide-ranging reforms to modernise the...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 19th May
Practice notes
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
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19th May
Practice notes
Non-executive directors—independenceThe concept of independence is key to provisions in the UK Corporate Governance Code (UKCG Code) on board...
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Produced in partnership with Advanced Boardroom Excellence 19th May
Practice notes
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
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Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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Practice notes
Unapproved share optionsWhat are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions...
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19th May
Practice notes
EMI—trading activitiesEMI Review: In the Spring Budget 2020, the government announced that it will review the enterprise management incentives (EMI)...
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19th May
Practice notes
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
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Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 19th May
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...
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19th May

Most recent SIP—eligibility requirements and self-certification process content

Practice notes
The effect of multiple employments on the eligibility requirements of tax-advantaged share plansIndividuals may, at any one time, be employed by more...
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18th Jun
Q&As
Does a Share Incentive Plan trust have to be registered with HMRC’s online Trust Registration Service?A Schedule 2 Share Incentive Plan (SIP) must...
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6th Jun
Q&As
Can non-executive directors (NEDs) be granted tax-advantaged share awards?The general definition of ‘director’ is not exhaustive. The Companies Act...
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6th Jun
Practice notes
SIPs—requirements relating to the trust and the trusteeThe share incentive plan (SIP) legislation is very prescriptive in relation to the nature of...
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Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 5th Jun
Practice notes
SIPs—self-certification, registration and filing requirementsThis Practice Note covers the following topics:•the law governing...
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Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 5th Jun
Practice notes
SIPs—qualifying companies and type of sharesThe company establishing a SIPThe company establishing the share incentive plan (SIP) does not have to be...
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Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 5th Jun
Practice notes
SIPs—who can be granted an award?TerminologySchedule 2 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) uses the phrase an ‘award of...
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Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 5th Jun
Practice notes
The self-certification regimeThis Practice Note looks at the procedure for establishing a tax-advantaged share plan, such as a company share option...
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Produced in partnership with James Jaques and Mirit Ehrenstein of Linklaters 5th Jun
Practice notes
Trust Registration Service (TRS)—trusts excluded from registrationSTOP PRESS: On 15 March 2021, HMRC announced that the original deadline of 10 March...
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5th Jun

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