Minutes of a Technical Meeting with HMRC on 21 January 2008

Minutes of 2007 Technical Meeting (held January 2008). Matters discussed at meeting include:

  • Approved Schemes and EMI options
    • Notification of grant of EMI options
    • Cashless exercise facilities and EMI options
    • Free share agreements for SIP schemes
    • Associated companies for the purpose of SIP and SAYE schemes
    • Supersave plans – salary deduction
    • NI on exercise of Sharesave options
    • Company law changes – schemes of arrangement
    • Corporate trustees
  • Unapproved schemes
    • Restricted shares
    • Distinction between “legal” and “non-legal” options
  • Internationally mobile employees
    • Options, restricted stock and provisional allocations
    • Split year basis
    • Short-term UK work
    • Follow up on previous questions on Irrevocable Undertakings on takeover


    • Consequential amendments to Part 7
    • HMRC Manuals on approved schemes
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Keywords: Cash alternative, Cash bonus, Change of Control, CSOP, Demerger, EBT, EMI, EMI disqualifying event, EMI qualifying company, Forfeiture, Good Leaver, HMRC compliant plans, Income tax, International, ITEPA 2003, Leavers, NICs, PAYE, Performance condition, Restricted securities, RSUs, SAYE, Scheme of arrangement, Securities laws (international), SIP, Takeover, USA
Categories: Document archive, HMRC meetings