ERSM170500 – PAYE & NICs
PAYE & NICs – commencement dates
The following table summarises the dates PAYE and NICs began to apply to the various charges on shares or securities:
| Charge | Statute | PAYE
from | Class 1
NICs from | Class 1A NICs from |
| Acquisition of share or
security
| S19 ICTA 1988 to 5/4/03
On tradeable assets On readily convertible assets S62 ITEPA 2003 from 6/4/03 | 25/5/94
6/4/98 | 6/6/95
1/10/98 | N/A
N/A |
| Share option gains
| S135 ICTA 1988 to 5/4/03
Exercise of share options Release of options (whenever granted) Option gains on options granted after 5/4/99
|
6/4/98 6/4/98
|
N/A 6/4/99
|
N/A N/A
|
| Approved option schemes | Discounted EMI options
SIP options becoming unapproved Early exercises of CSOP options |
9/4/03 |
9/4/03 |
N/A |
| Securities option gains | Ch 5 Pt 7 ITEPA from 1/9/03 | 1/9/03 | 1/9/03 | N/A |
| Conditional shares acquired before 16/4/03 | S140A ICTA 1988 from
17/3/98 to 5/4/03
Ch 2 Pt 7 ITEPA 2003 from 6/4/03 | 6/4/98 | 9/4/98 | N/A |
| Restricted shares acquired before 16/4/03 | S78 FA 1988 to 5/4/03
Ch 4 Pt 7 ITEPA 1988 to 31/8/03 | N/A | N/A | N/A |
| Restricted securities | Ch 2 Pt 7 ITEPA 2003 from 1/9/03 | N/A | N/A | N/A |
| Convertible shares | S140D ICTA 1988 from
17/3/98 to 5/4/03
Ch 3 Pt 7 ITEPA 2003 from 6/4/03 | 6/4/98 | 9/4/98 | N/A |
| Convertible securities | Ch 3 Pt 7 ITEPA 2003 from 1/9/03 | 1/9/03 | 1/9/03 | N/A |
| Special benefits | S80 FA 1988 to 5/4/03 | N/A | N/A | N/A |
| Benefits in connection with securities | Ch 4 Pt 7 ITEPA 2003 from 6/4/03 | 1/9/03 | 1/9/03 | N/A |
| Partly-paid shares acquired before 16/4/03 | S162(1) ICTA 1988 to
5/4/03
Ch 8 Pt 3 ITEPA 2003 from 6/4/03 | N/A
N/A | N/A
N/A | 6/4/00
6/4/03 |
| Partly-paid securities acquired on or after 16/4/03 | Ch 3C Pt 7 ITEPA 2003
from 16/4/03
Annual charge under Ch 7 Pt 3 | 1/9/03 | 1/9/03 (on discharge on notional loan) | 1/9/03 (on the notional
loan)
16/4/03 |
| Stop-loss | S162(6) ICTA 1988 to
5/4/03
Ch 9 Pt 3 ITEPA 2003 from 6/4/03 Ch 3D Pt 7 ITEPA 2003 from 16/4/03 | N/A
N/A 1/9/03 | N/A/
N/A 1/9/03 | N/A
N/A N/A |
| Securities with artificially depressed MV | Ch 3A Pt 7 ITEPA 2003 from 16/4/03 | 1/9/03 | 1/9/03 | N/A |
| Securities with artificially enhanced MV | Ch 3B Pt 7 ITEPA 2003 from 16/4/03 | 1/9/03 | 1/9/03 | N/A |
