BIM44165 - Specific deductions - employee share schemes: Accounting for ESOP trusts, a/c periods starting before 1 Jan 2003 - summary
The generally accepted accounting treatment of employers’ contributions to employee share ownership trusts is mainly set out in two Urgent Issues Task Force (UITF) Abstracts:
- UITF Abstract 13 (UITF13) “Accounting for ESOP Trusts”
- UITF Abstract 17 (UITF17) ”Employee Share Schemes”.
Supplementary guidance is also included in:
- UITF Abstract 25 (UITF25) “National Insurance contributions on share option gains”
- UITF Abstract 30 (UITF30) “Date of award to employees of shares or rights to shares”.
The guidance in the following paragraphs covers:
GAAP and ESOP trusts |
Introduction |
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GAAP and ESOP trusts |
UITF13 |
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GAAP and ESOP trusts |
UITF17 |
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GAAP and ESOP trusts |
Single company schemes |
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GAAP and ESOP trusts |
Single company schemes - examples 1 and 2 |
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GAAP and ESOP trusts |
Subsidiary companies in group schemes |
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GAAP and ESOP trusts |
Group schemes - example 3 |
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GAAP and ESOP trusts |
Group schemes - example 4 |
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GAAP and ESOP trusts |
UITF25 |
Advice on accountancy issues
In any case in which the question of what constitutes generally accepted accounting practice (GAAP) is an issue, HMRC staff should consult their local HMRC accountant.
