SPL submission to HMRC regarding the Finance Bill 2013 and Tax Advantaged Share Schemes

SPL submission to HMRC dated 6 February 2013 regarding draft provisions in the Finance Bill 2013 to implement changes recommended in the OTS report relating to tax advantaged employee share schemes. Matters covered in the submission include:

  • extension of good leaver rules to cover takeovers and company sales and sets out a number of issues to be resolved;
  • use of restricted securities for SAYE and CSOP;
  • EMI – entrepreneurs’ relief and extension of period for exercise following disqualifying event;
  • SIP – changes relating to dividend shares; and
  • other issues.
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Keywords: Amending Plan Rules, CGT, Change of Control, CSOP, EMI, EMI disqualifying event, Entrepreneurs' relief, Good Leaver, HMRC compliant plans, Income tax, NICs, OTS, Qualifying Shares, SAYE, Scheme of arrangement, SIP, Takeover
Categories: Document archive, HMRC compliant plans