Note of a meeting with the Inland Revenue on 28 November 2000

Note of a meeting with the Inland Revenue on 28 November 2000. Considers:

  • whether the number of partnership shares bought under a Share Incentive Plan at the end of an accumulation period can be limited to the number which can be bought with the money put in;
  • the circumstances in which matching shares could be subject to forfeiture;
  • the taxation of dividends on unallocated shares in a Share Incentive Plan;
  • the difficulty of assessing national insurance cotnributions and whether a flat rate would be considered;
  • discussion of a large number of issues on EMI schemes;
  • stamp duty on SIPs, QUESTs and SAYE
  • QUESTs and schemes of arrangement;
  • American Depositary Receipts and Global Depositary Receipts and CSOPs.
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Keywords: Accounting, Bad Leaver, Clawback, CSOP, Dividend income, EMI, EMI disqualifying event, EMI qualifying company, Forfeiture, Income tax, Leavers, NICs, Restricted securities, Rollover, SAYE, Scheme of arrangement, SIP, Stamp duty, USA
Categories: Document archive, HMRC meetings