Minutes for meeting of HMRC and the Tax Committee of the Share Plan Lawyers on 13 September 2012

Minutes of meeting. Items discussed include:

  1. HMRC Manuals
  2. Meaning of “substantial part” in EMI guidance
  3. Independence requirement
  4. Overall limit where acquiring company is an EMI qualifying company
  5. Right to acquire shares – effect of cash alternative
  6. Application of section 144ZA where options are satisfied by someone other than the grantor
  7. Self-certification
  8. Linkage between self-certification/Restrictions
  9. Provision of informaiton
  10. Features not essential or reasonably incidental
  11. Cost of tax advantaged schemes
  12. CSOP
  13. retirement provisions in tax advantaged schemes
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Keywords: Annual Report, Bad Leaver, Cash alternative, Cash award, CGT, Company reconstruction, CSOP, EMI, EMI qualifying company, Employee communications, Good Leaver, HMRC compliant plans, Independence requirement, Interest rates, OTS, Plan limits, Qualifying Shares, Regulatory Announcements, Retirement, SAYE, Self-certification
Categories: Document archive, HMRC meetings