Direct subscription of shares

Direct subscription of shares guidance:

When a person disposes of an asset and makes a profit that is capital in nature, this has the potential to be a taxable capital gain. It may be possible to avoid a tax...

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

Employers (or other responsible persons) are required to provide specified information to HMRC in relation to reportable events involving employment-related securities or...

Practice Note

The procedure for making joint restricted securities elections is the same regardless of whether the election is made under section 425(3), 430 or 431 of the Income Tax...

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 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

Pay as you earn (PAYE) is the mechanism by which income tax (and National Insurance contributions (NICs) and certain other statutory deductions) must be withheld and...

Practice Note

The rules applying to directors and employees in relation to restricted securities contained within Chapter 2, Part 7 of Income Tax (Earnings and Pensions) Act 2003...

Practice Note

This practice note deals with the specific rules applying to employment-related securities acquired for less than market value contained within Chapter 3C, Part 7 of...

Practice Note

This note deals with the specific rules contained within sections 446X–446Z of Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003 ) (Part 7, Chapter 3D) that apply...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

The rules applying to directors and employees in relation to restricted securities contained within Chapter 2, Part 7 of Income Tax (Earnings and Pensions) Act 2003...

Practice Note

Determining whether an employment-related security exists is a crucial step in determining whether the specific (and sometimes punitive) income tax and National Insurance...

Practice Note