Share schemes—introduction and overview

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Share schemes—introduction and overview guidance:

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...

Practice Note

Entrepreneurs' relief is a capital gains tax (CGT) relief designed to encourage individuals to set up and expand their own businesses. Provided that the conditions are...

Practice Note

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...

Practice Note

What are discretions in employee share schemes? It is common to see contracts include powers for a party to determine a particular matter ‘in its absolute discretion’....

Practice Note

Various income tax and national insurance contributions (NICs) charges can arise for an employee or director in relation to the acquisition, ownership or disposal of...

Practice Note

The regime introduced in 2014 With effect from 6 April 2014, new obligations were imposed on companies to: • register their share schemes online with HMRC, by specified...

Practice Note

On 6 April 2017, the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (the Regulations), SI 2017/172 came into force. Under the Regulations,...

Practice Note

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

Practice Note

Where an employee or director acquires, holds or disposes of shares or securities in connection with his or her employment, income tax on employment income can arise...

Practice Note

What is share dilution? Share dilution happens when a company issues additional shares in itself. As a result the existing shareholders' ownership in the company is...

Practice Note

This Practice Note provides an introduction to: • why companies have employee ownership models • the main types of share ownership models, and • issues to consider when...

Practice Note

The stated purpose of National Insurance contributions (NICs) is to fund and enable eligibility for certain state benefits, such as the state pension, and other social...

Practice Note

The stated purpose of National Insurance contributions (NICs) is to fund certain state benefits such as the State Pension, as well as other social security benefits such...

Practice Note

The income tax charges associated with employment-related securities and securities options typically arise upon acquisition of securities, or because an amount of...

Practice Note

The concept of ordinary share capital is important for UK tax purposes. This Practice Note sets out the key tax reliefs that require ordinary share capital (whether...

Practice Note

Measurement and timing of fair values including outline of the Black Scholes model The accounting cost for an equity-settled share based payment (SBP) is normally...

Practice Note