Share Schemes: news
What's new
12 November
Share Schemes - Information returns for
the year ending 5 April 2010
Forms 34, 35, 39 & 42 are now available to download in PDF format.
25 September
Shares acquired before 10 April
2003 by exercising employee share options – allowable deductions
Revenue & Customs Brief 60/09 gives some additional guidance on the issues
in Revenue & Customs Brief 30/09, concerning the deductions which can
be made on certain disposals of shares. See what's new dated 23 July.
11 August
Approved Employee Share Schemes - Changes to constituent
companies
With effect from 1 August 2009, we no longer require companies who operate
approved share schemes to inform us of the changes in constituent (participating)
companies as part of the approval agreement.
27 July
Transfer of Small Company Enterprise Centre
administration work to Nottingham
From 27 July 2009 administration of Enterprise Management Incentives and Venture
Capital schemes is being transferred from Cardiff to Nottingham.
23 July
Shares acquired before 10 April
2003 by exercising employee share options – allowable deductions
Revenue & Customs Brief 30/09 sets out a new understanding of the law
applying to the deductions which can be made on certain disposals of shares.
This new understanding applies to shares acquired before 10 April 2003 by
exercising employee share options.
29 May
Change in Bonus Rates for SAYE share option
schemes
Changes are being made effective from 29 May 2009 to bonus and interest rates
for Save As You Earn (SAYE) share option Schemes (sometimes referred to as
‘Sharesave’).
8 April
Share Incentive
Plans (SIP) - guidance updated (PDF 315K)
Minor corrections have been made to the detailed SIP guidance for employers
and advisors.
2 April
Bradford & Bingley plc
Questions and answers on the tax position of former shareholders in Bradford
& Bingley plc and members of employee share schemes.
Revenue and Customs Brief 16/09
This Brief gives details of the Capital Gains Tax and Income Tax position
of people who were shareholders in Bradford & Bingley plc and members of employee
share schemes on 29 September 2008 when the company was taken into public
ownership.
19 March
Employee Share Schemes Manual
We have published a new guidance manual to approved share schemes. This covers
only CSOP and SAYE schemes and replaces all stand alone guidance currently
published.
26 January
Share Schemes - Information returns for year ending 5 April 2009 (PDF 157K)Form EMI 40 is now available to download in PDF format.
26 November
Research Report 59Report on evaluation of Tax-Advantaged All-Employee Share Schemes.
24 November
Share Schemes
- Information returns for the year ending 5 April 2009
Forms 34, 35, 39 & 42 are now available to download in PDF format.
10 November
HM Revenue & Customs approval of joint
National Insurance contribution Elections
A statement on what must be contained in a National Insurance contribution
election before HM Revenue & Customs approval can be granted.
31 July
The impact of changes to residence and domicile
rules on the taxation of employment-related securities and options
The impact of changes to residence and domicile rules on the taxation of employment-related
securities and optionse Management Incentives has been updated to reflect
changes brought in by Finance Act 2008.
22 July
Enterprise Management Incentives (EMI)
- guidance updated
The guidance for employers using Enterrpise Management Incentives has been
updated to reflect changes brought in by Finance Act 2008.
SAYE and SIP - Not Ordinarily Resident
employees
Some employers who offer these all employee share schemes may need to change
their scheme rules to ensure that the schemes continue to meet their requirements.
17 July
Extra-Statutory Concession A11 (split year
treatment) and Part 7 ITEPA 2003
Recent discussions have suggested that there is some uncertainty over the
current HMRC view on ESC A11 and its application to Part 7 ITEPA.
9 July
Northern Rock plc
Questions and answers on the tax position of former shareholders in Northern
Rock plc and members of employee share schemes.
8 February
Enterprise Management Incentives –
publication of Research Report 41
HMRC has published the Research Report giving details of the survey of Enterprise
Management Incentives which was undertaken to help HMRC assess use of EMI
and its perceived impact.
30 January
Information returns for the year ending
5 April 2008 (PDF 86K)
Enterprise Management Incentives (EMI) - Form EMI40 (2008). The reporting
requirements have changed. Details of options granted are not required and
if nothing has happened to options in the year only the last page needs completing.
