Results for tag "Profit Sharing Scheme"

Agenda of a meeting with the Inland Revenue on 24 May 1995

Agenda of a meeting with the Inland Revenue on 24 May 1995. Considers the following: whether shares under an approved Profit Sharing Scheme can be held by a nominee for the trustee; the extent to which the rules of a sharesave scheme can give the directors discretion as to when an option which is more […]

http://shareplanlawyers.org/knowhow-archive/8/

Minutes of a meeting with the Inland Revenue on 22 May 1996

Minutes of a meeting with the Inland Revenue on 22 May 1996. Considers the following: whether a person can apply for more than one sharesave contract as a result of one offering (eg one three-year and one five-year contract); whether scaling down under a Sharesave Scheme can be done on the basis that seven-year contracts […]

http://shareplanlawyers.org/knowhow-archive/8/

Note of a meeting with the Inland Revenue on 19 June 1997

Note of a meeting with the Inland Revenue on 19 June 1997. Considers: Profit Sharing Schemes – operation of PSS with cash payments, Inland Revenue practice in dealing with CREST share holdings and completion of tax returns; QUESTs – appointment of trustees, Inland Revenue clearance procedure, number of QUESTs established and qualification as “persons elected […]

http://shareplanlawyers.org/knowhow-archive/8/

Minutes of a meeting with the Inland Revenue on 11 November 1998

Minutes of a meeting with the Inland Revenue on 11 November 1998. Considers the following: clawback of tax relief under QUESTs; cash cancellation payments by QUEST trustees; capital gains tax for QUEST trustees on disposal of shares and application of D35 to QUESTs; the period within which money received by QUEST trustees must be spent; […]

http://shareplanlawyers.org/knowhow-archive/8/

Agenda for Meeting with Richard Regan of ABI on 14 September 1999

Agenda for meeting with Richard Regan of the ABI to discuss the ABI’s Guideline Principles on share-based incentive schemes issued on 19 July 1999, with particular reference to performance conditions, individual value limits, cost to shareholders/comparative valuation and co-investment awards.

http://shareplanlawyers.org/knowhow-archive/10/

Minutes of Meeting with Richard Regan of the ABI on 14 September 1999

Minutes of a meeting with the ABI on 14 September 1999. Considers the new ABI guidelines and, in particular: dilution limits; 42 day period for granting options; requirement to disclose the cost and expected value of benefits; and individual limits.

http://shareplanlawyers.org/knowhow-archive/10/

Letter dated 2 May 1995 from the Inland Revenue regarding Finance Act 1995 changes

Letter from the Employee Share Schemes Division of the Inland Revenue to Ms Louise Whitewright at Lovell White Durrant dated 2 May 1995 explaining that the requirements for the approval of employee share schemes on or after 1 May 1995 have been altered by the Finance Act 1995. The alterations relate to the participation by […]

http://shareplanlawyers.org/knowhow-archive/26/

Minutes of the annual Technical Meeting of the Share Plan Lawyers with HMRC on 11 May 1994

Minutes of a technical meeting with the Inland Revenue on 11 May 1994 regarding: whether any of the following terms of an option: (1) first exercise date; (2) number of shares under option; and (3) subscription price; may be varied in line with performance conditions attached to the option; whether the waiver of performance targets […]

http://shareplanlawyers.org/knowhow-archive/8/

Minutes of the annual Technical Meeting of the Share Plan Lawyers with HMRC on 10 November 1993

Minutes of a technical meeting with the Inland Revenue on 10 November 1993 regarding: the taxation of “capital receipts” under an approved profit sharing scheme; Inland Revenue policy on provisions in an executive share option scheme which allow directors a discretion to permit or prohibit the exercise of options; amendment clauses in the rules of […]

http://shareplanlawyers.org/knowhow-archive/8/

Minutes of the annual Technical Meeting of the Share Plans Lawyers with HMRC on 13 November 1991

Minutes of a technical meeting with the Inland Revenue held on 13 November 1991 regarding: whether on the grant of options following the sale of a business or group re-organisation, the Inland Revenue will treat the emoluments of the previous office or employment as “relevant emoluments” for the purposes of Schedule 9, paragraph 28 of […]

http://shareplanlawyers.org/knowhow-archive/8/

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