Share Scheme Manual - SSM1.1

Layout of the Share Schemes Manual

Introduction

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The guidance within this manual is being transferred to the Employment Related Securities Manual (ERSM)

The guidance in the Manual is set out in Chapters to cover the following technical topics:

Chapter 1Share Schemes: Background
Chapter 2Approved Share Schemes: Sections 185 to 187 Schedule 9 and 10 ICTA 1988
Chapter 3Share Options: Sections 135 to 140 ICTA 1988 [ Withdrawn - see ERSM110000]
Chapter 4Share acquisitions including Long Term Incentive Plans and Shares subject to Risk of Forfeiture: Section 19, and sections 140A to 140H ICTA 1988 [Withdrawn - see ERSM20000]   for general introduction to share plans;
[ Withdrawn - see ERSM30000]  for restricted securities
[ Withdrawn - see ERSM40000]  for convertible securities
Chapter 5Special charges after shares have been acquired: Sections 77 to 89 Finance Act 1988
Chapter 6Shares as benefits - charges and reliefs: Section 162 ICTA 1988, Section 68 Finance Act 1988

In addition to the Chapters on the different legislative categories, there are chapters on the following aspects of employee share acquisition. The guidance is linked with the relevant part of the technical chapters.

Chapter 7Valuation of Employee Shares
Chapter 8Capital Gains Tax
Chapter 9Reporting Requirements and PAYE/NIC issues [ Withdrawn - see ERSM140000]
Chapter 10SA return, share scheme pages
Chapter 11Non-Residents, Case I and II issues [ Withdrawn - see ERSM20300]
Chapter 12Guidance on transitional provisions before 1990