Office of Tax Simplification review of unapproved share schemes: marketable security
Download the full outcome
Detail of outcome
The response document sets out the government’s response to the consultation document published below. The responses received are summarised and a full list of respondents is included, but where appropriate the names and personal or commercially sensitive information has been redacted. The government has heard the concerns voiced during the consultation and is grateful for the constructive and informative suggestions it received.
Original consultation
Consultation description
The OTS proposal on the ‘marketable security’ would involve significant change to the taxation of employment related securities (ERS). Broadly, individuals would be able to choose whether the tax charge on ERS arises at the time they are acquired or, if different, at the time at which they can be sold for cash (when they become ‘marketable’).
This consultation is designed to explore areas in which the Government believes that further discussion on this OTS proposal, and further evidence of the potential impact, would be helpful to its consideration of whether to proceed with any changes.
Documents
Last updated 10 December 2014 + show all updates
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Response document published.
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First published.