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 |
27/11/96 |
N/A |
N/A |
|
Release of options (whenever granted) |
27/11/96 |
6/4/99 |
N/A |
|
Option gains on options granted after 5/4/99 Ch 5 Pt 7 ITEPA from 6/4/03 |
|
6/4/99 |
|
Approved share schemes |
Discounted EMI options SIP shares taken out of the plan within 5 years of the award Early exercises of CSOP options |
9/4/03 28/7/00 9/4/03
|
9/4/03 28/7/00 9/4/03
|
N/A N/A 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 |
