Agenda for 2005 technical meeting with HM Revenue & Customs on 7 December 2005

Agenda for 2005 technical meeting with HM Revenue & Customs on 7 December 2005 to discuss the following:

  • disapplying restrictions on shares to obtain approval of a CSOP;
  • the impact of takeovers on the approved status for approved shares and corporation tax relief for approved and unapproved schemes;
  • the position where shares are provided for an SAYE scheme from an employee trust on the exercise of an option granted by a company;
  • irrevocable undertakings applying to shares subject to approved options;
  • the meaning of “misconduct” in section 424 ITEPA 2003;
  • payments taxable as distributions not taxable under Part 7 of ITEPA;
  • guaranteed loan notes and the Memorandum of Understanding;
  • the territorial scope of Chapter 3, Part 7, ITEPA and the link to employment;
  • statutory and non-statutory corporation tax relief;
  • interaction of the Inheritance Tax Act with Schedule 24, Finance Act 2003;
  • interaction of the Inheritance Tax Act with Schedule 23, Finance Act 2003;
  • the application of ESC D35 where non-UK tax is payable; and
  • the application of ESC D35 in relation to restricted securities.
?attachment_id=779 download View | Download
Keywords: Amending Plan Rules, Bad Leaver, Cash alternative, CGT, Change of Control, Corporation tax, Corporation tax deduction, CSOP, EBT, EMI, Employee loans, Employment-related security, Good Leaver, Gross misconduct, HMRC compliant plans, Income tax, Independence requirement, Inheritance tax, ITEPA 2003, Leavers, NICs, PAYE, Pre-emption rights, Restricted securities, Rollover, SAYE, Scheme of arrangement, Takeover
Categories: Document archive, HMRC meetings