Agenda for 2004 technical meeting with the Inland Revenue on 29 November 2004

Agenda for 2004 technical meeting with the Inland Revenue on 29 November 2004 to discuss the following:

  • Application of Chapter 3C, Part 7, ITEPA 2003 to shares acquired under an approved scheme;
  • Taxation of SAYE share options after the scheme has ceased to be approved;
  • Amending approved options without the loss of Inland Revenue approval (reconciling CIR v Eurocopy with CIR v Reed International plc)
  • Operation of Inland Revenue registration numbers system;
  • Recovery of employer’s Class 1 NICs on benefits paid by an employees’ benefit trust or other this party;
  • Recovery of employee’s NICs on “notional payments”;
  • NICs liabilities following the transfer of a business;
  • Exercise of underwater EMI option;
  • EMI options – availability of deduction where employee pays employer’s NICs on on exercise of underwater EMI option;
  • Transfer pricing – applicability of UK/UK transfer pricing to employee share options granted before 1 April 2004;
  • Schedule 23, Finance Act 2003 – availability of corporation tax relief on sale of business;
  • Reporting requirements under Part 7, ITEPA 2003 – whether specific events set out in question need to reported.
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Keywords: Amending Plan Rules, EBT, EMI, Employee's NICs, Employer's NICs, Good Leaver, HMRC compliant plans, Income tax, IPO, ITEPA 2003, NICs, PAYE, Rights issue, SAYE, Takeover, Transfer pricing
Categories: Document archive, HMRC meetings