Comments on the draft ETASSUM manuals submitted by SPL (including additional SAYE comments from January 2016).

HMRC comment on share plan implications of Murray case.

Minutes of meeting between Tax Committee of Share Plan Lawyers Group and HMRC.  Matters discussed include:

  1. Clawback and Malus;
  2. HMRC Guidance on tax-favoured plans;
  3. Set-up costs for tax-favoured plans;
  4. Market value;
  5. 20 Day Rule
  6. Questions on Annual Returns both tax-favoured and non-tax favoured;
  7. SIP restriction/forfeiture question;
  8. Manual related questions – SIP manual;
  9. Manual related questions – SAYE manual;
  10. Manual related questions – CSOP manual;
  11. Manual related questions – EMI manual.

Subjects for discussion include:

General:

  1. Clawback and malus
  2. HMRC guidance for tax-favoured plans
  3. Set up costs for tax-favoured plans
  4. Market value
  5. 20 day Rule
  6. Questions on Annual Rreturns, both tax-favoured and non-tax favoured
  7. SIP restriction/forfeiture question

Manual-related questions:

 

Request for clarification re:

ESSUM30105 to ESSUM39900 draft with amendments.

Email from Anne H Smith at HMRC giving responses to HMRC comments on HMRC manuals.  In particular specific queries relating to:

SPL submission from February 2014 regarding the draft legislation on tax incentives for employee ownership trusts for the Finance Bill 2014 published by HMRC and HM Treasury on 10 December 2013.

The draft legislation to which SPL’s comments relate is attached to the end of the submission.

SPL submission from February 2014 regarding the draft legislation on non-tax advantaged employee share schemes for the Finance Bill 2014 published by HMRC and HM Treasury on 10 December 2013.

The draft legislation to which SPL’s comments relate is attached to the end of the submission.

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