Notes of Technical Meeting with HMRC on 25 January 2012

Notes of Technical Meeting with HMRC on 25 January 2012 at 10.30 am. Including discussion of:

  1. ESSU
  2. Share Incentive Plans: Notification of Award
  3. Share Incentive Plans: Minimum amount for Partnership Share acquisition
  4. Share Incentive Plans: effect of a demerger of a non-EU company on SIP participants
  5. Share Incentive Plans: cessation of “association” on a demerger
  6. Share Incentive Plans: carry forward of partnership shares for the purposes of awarding matching shares
  7. Share Incentive Plans: meaning of “the same provision”
  8. Approved Schemes: restrictions on shares
  9. Clawback and CSOPs
  10. Clawback and tax recovery
  11. PAYE: Section 222 ITEPA
  12. PAYE: Late Payment and Share Schemes: Reasonable Excuse
  13. PAYE Penalties
  14. PAYE: 0T code proposed for post-P45 PAYE on employee shares and options from 6 April 2012
  15. Contracts for Differences
  16. Acquisition of shares by employees – loan of purchase price by employer
  17. Exercise of options followed by the sale of the resulting shares for initial and deferred consideration
  18. Acquisition of shares from a leaving employee by an existing shareholder and existing non-employee shareholder
  19. Lapse of options and accounting consequences
  20. Disclosure of Tax Avoidance Schemes
  21. Disguised remuneration: EBT share purchases
  22. Disguised remuneration: early receipt of shares
  23. Disguised remuneration: gross misconduct forfeiture condition
  24. Disguised remuneration: payments by a Bidder to employees of Target
  25. Disguised remuneration: where the employing company leaves a group
  26. Disguised remuneration: Termination Payment
  27. Disguised remuneration: earnings charges and CGT
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Keywords: ABI Guidelines, Amending Plan Rules, Bad Leaver, CGT, Clawback, Company reconstruction, Corporation tax, Corporation tax deduction, CSOP, Demerger, Discretion, Disguised Remuneration, EBT, Employee loans, Forfeiture, FSA Remuneration Code, Gross misconduct, Growth shares, HMRC compliant plans, Income tax, ITEPA 2003, Leavers, Malus, Model Code, NICs, OT Code, PAYE, Performance condition, Pre-emption rights, Remuneration Committee, Restricted securities, RTI, s.222 charge, SIP, UK Corporate Governance Code, USA
Categories: Document archive, HMRC meetings