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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

Updates: Employee Tax Advantaged Share Scheme User Manual

2015

published amendments

Schedule 2 Share Incentive Plan (SIP): Introduction - Conditions for participation
Corrected title.
Introduction to Tax Advantaged Share Schemes - setting up a scheme: contents
review date updated.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Scheme documents
review date updated.
Introduction to tax advantaged share schemes: Feedback on this manual
corrected the page title.
Introduction to Tax Advantaged Share Schemes: Employee Benefit Trusts (EBT): General
Corrected the page title.
Introduction to Tax Advantaged Share Schemes: Employee Shares and Securities Unit (ESSU) - What we do
corrected the page title.
Introduction to Tax Advantaged Share Schemes: Share Valuations
corrected page title.
to be published together with the remainder of the manual.
Introduction to tax advantaged share schemes: How to use this manual
corrected the page title.

published amendments

Schedule 2 share incentive plan (SIP): Shares that may be awarded: Close company
CTM
Introduction to Tax Advantaged Share Schemes: Annual returns: Appeals
Added business directorate and hyper-links.
Added business directorate and hyper-links.
Introduction to tax advantaged share schemes: About this manual
Added business directorate.
Added business directorate.
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Share Valuations
corrected page title.
corrected page title.
Schedule 2 share incentive plan (SIP): Introduction - Types of award
Added business directorate and hyper-links.
Schedule 2 Share Incentive Plan (SIP): Introduction - Conditions for participation
Corrected title.
Schedule 2 Share Incentive Plan (SIP): The Plan
Added business directorate and hyper-links.
Schedule 2 Share Incentive Plan (SIP): Tax advantaged status: Notification
Added business directorate and hyper-links.
Schedule 2 share incentive plan (SIP): Introduction – Contents
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Annual returns: Termination conditions
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Annual returns: Electronic filing
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Annual returns
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Registering a scheme
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Establishing a scheme
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Scheme documents
review date updated.
Introduction to Tax Advantaged Share Schemes: Employee Benefit Trusts (EBT): General
Corrected the page title.
Introduction to Tax Advantaged Share Schemes: Employee Shares and Securities Unit (ESSU) - What we do
corrected the page title.

published amendments

Schedule 3 SAYE option schemes: Supplementary and Defined terms: Jointly owned companies
added hyperlink.
Schedule 3 SAYE Option Scheme: Eligibility of individuals to participate: The employment requirement: Death of an option holder
Calculation of CG on death of option holder added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP specimen free share agreement
amended hyperlink.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Jointly owned companies
included link to diagram.

published amendments

Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The "no material interest" requirement: Share options
Link attachment.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The employment requirement: Death of an option holder
link attachment.
Schedule 4 Company Share Option Plan (CSOP): General: Foreign currency shares
Link to attachment.
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen application
Link to attachments
Link to attachments
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Jointly owned companies
added hyperlink.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP specimen free share agreement
amended hyperlink.
amended hyperlink.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP specimen partnership share agreement
Link to attachment added.
Link to attachment added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Specimen SIP rules
Link to attachments added.
Link to attachments added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Jointly owned companies
included link to diagram.
included link to diagram.
included link to diagram.
included link to diagram.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP Review Document
Link to attachment added.
Link to attachment added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Specimen SIP trust deed
Link to model trust added.
Schedule 4 Company Share Option Plan (CSOP): contents
added further links.

published amendments

Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP specimen free share agreement
amended hyperlink.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Specimen SIP rules
Link to attachments added.

published amendments

Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Jointly owned companies
added hyperlink.

published amendments

Schedule 4 Company Share Option Plan (CSOP): General: Foreign currency shares
Link to attachment.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The employment requirement: Death of an option holder
link attachment.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The "no material interest" requirement: Share options
Link attachment.
Schedule 4 Company Share Option Plan (CSOP): contents
added further links.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Rights issues
Link attachment
Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Appropriate period
included publish date.
Company Share Option Plan (CSOP): Taxation: Readily Convertible Assets (RCA’s)
hyperlink added.
Enterprise Management Incentives (EMI): Excluded activities: Dealing in goods otherwise than in ordinary wholesale and retail distribution
added gaps between paragraphs.
Enterprise Management Incentives (EMI): Taxation of EMI options: Section 431 election – effect of election for restrictions to be ignored
updated hyperlinks.
Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Jointly owned companies
added hyperlink.
Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen application letter
Link to attachment
Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen notice of exercise
Link to attachment
Introduction to tax advantaged share schemes: contents
Page published
Introduction to tax advantaged share schemes: About this manual
Added business directorate.
Introduction to tax advantaged share schemes: How to use this manual
corrected the page title.
Introduction to tax advantaged share schemes: Feedback on this manual
corrected the page title.
Introduction to Tax Advantaged Share Schemes: Employee Shares and Securities Unit (ESSU) - What we do
corrected the page title.
Introduction to Tax Advantaged Share Schemes: Share Valuations
corrected page title.
Introduction to Tax Advantaged Share Schemes: Employee Benefit Trusts (EBT): General
Corrected the page title.
Introduction to Tax Advantaged Share Schemes - setting up a scheme: contents
review date updated.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Scheme documents
review date updated.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Establishing a scheme
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Registering a scheme
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Annual returns
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Annual returns: Electronic filing
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Amended returns
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Annual returns: Termination conditions
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Annual returns: Penalties for late filing
Added business directorate.
Introduction to Tax Advantaged Share Schemes: Annual returns: Appeals
Added business directorate and hyper-links.
Introduction to Tax Advantaged Share Schemes: Annual returns: Reasonable excuse
Added business directorate.
Schedule 2 share incentive plan (SIP): Introduction – Contents
Added business directorate and hyper-links.
Schedule 2 Share Incentive Plan (SIP): Tax advantaged status: Notification
Added business directorate and hyper-links.
Schedule 2 Share Incentive Plan (SIP): The Plan
Added business directorate and hyper-links.
Schedule 2 Share Incentive Plan (SIP): Introduction - Conditions for participation
Corrected title.
Schedule 2 share incentive plan (SIP): Introduction - Types of award
Added business directorate and hyper-links.
Schedule 2 share incentive plan (SIP): General requirements: Cash alternatives
hyper-link added.
Schedule 2 share incentive plan (SIP): General requirements: SIP as part of flexible benefits arrangement
added hyper-link.
Schedule 2 share incentive plan (SIP): General requirements: All-employee nature of the plan
added hyper-link.
Schedule 2 share incentive plan (SIP): General requirements: Varying number of shares awarded
added hyper-link.
Schedule 2 share incentive plan (SIP): Shares that may be awarded: Control of the company establishing the plan
CTM
Schedule 2 share incentive plan (SIP): Shares that may be awarded: Close company
CTM
Schedule 2 share incentive plan (SIP): Types of award: Partnership shares: Restriction on number of shares awarded
SIP rules
Schedule 2 Share Incentive Plan (SIP): Company reconstructions: What they include
Link to Specimen rules
Schedule 2 share incentive plan (SIP): Notification & Enquiries: Notice of enquiry
corrected grammar.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Jointly owned companies
included link to diagram.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP Review Document
Link to attachment added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Specimen SIP rules
Link to attachments added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Specimen SIP trust deed
Link to model trust added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP specimen partnership share agreement
Link to attachment added.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: SIP specimen free share agreement
amended hyperlink.
Schedule 2 share incentive plan (SIP): Taxation: Disadvantages
amended hyperlink.
Schedule 3 SAYE Option Scheme: Eligibility of individuals to participate: The employment requirement: Death of an option holder
Calculation of CG on death of option holder added.
Schedule 3 SAYE Option Scheme: Eligibility of individuals to participate: Material interest - Pre and post FA13 overview
corrected hyperlinks.
Schedule 3 SAYE option schemes: Shares to which schemes can apply: Control of the scheme company
amended hyperlink.
Schedule 3 SAYE option schemes: Shares to which schemes can apply: Close company
included hyperlink.
Schedule 3 SAYE option schemes: Linkage to Savings (Arrangement): Required links
changed publication time.
Schedule 3 SAYE option schemes: Requirements relating to share options – The exercise price: Rights issues
Link to attachment
Schedule 3 SAYE option schemes: Taxation: grant of share options - General
corrected hyperlink.
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Jointly owned companies
added hyperlink.
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE review document
Link to attachment
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen scheme rules
Link to attachment.
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen letter of invitation
Link to attachment
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen application
Link to attachments
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen option certificate
Link to attachment
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen notice of exercise
Link to attachment.
Schedule 4 Company Share Option Plan (CSOP): Introduction
added hyperlinks.

published amendments

Enterprise Management Incentives (EMI): contents
Corrected Short Title to display correctly on main contents page
Schedule 4 Company Share Option Plan (CSOP): contents
Corrected Short Title to display correctly on main contents page
Schedule 2 Share Incentive Plan (SIP): contents
Corrected Short Title to display correctly on main contents page
Schedule 3 Save As You Earn (SAYE) option scheme: contents
Corrected Short Title to display correctly on main contents page
Introduction to Tax Advantaged Share Schemes - setting up a scheme: contents
Corrected Short Title to display correctly on main contents page
Introduction to tax advantaged share schemes: contents
Short title (for contents page) corrected to full version

published amendments

Introduction to Tax Advantaged Share Schemes - setting up a scheme: contents
': contents' added to Title and Short Title

published amendments

Introduction to tax advantaged share schemes: Feedback on this manual
edited email
edited email
edited email link
Email link edited
Enterprise Management Incentives (EMI): Introduction
Link edited
Schedule 3 Save As You Earn (SAYE) option scheme: Grant of share options - Whether rights are obtained
Links edited
Schedule 3 Save As You Earn (SAYE) option scheme: Introduction
Links edited
Introduction to Tax Advantaged Share Schemes: Employee Shares and Securities Unit (ESSU) - What we do
Links edited
Introduction to Tax Advantaged Share Schemes: Share Valuations
Edited links

published amendments

Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: When a rollover of options can take place
Missing links restored.
Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Scheme rules
Missing links restored
Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Company reorganisation
Missing links restored.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Bound or entitled
Missing link restored
Missing link restored.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Change of control
Missing link restored.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Conditional exercise of options for corporate events
Missing links restored
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options - TUPE transfers and transfer of employing company out of the group
Missing link restored
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: For redundancy
Missing link restored
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Exercise of options on cessation of employment
Missing links restored
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Alterations to performance conditions
Missing link restored.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Performance conditions
Missing link restored
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Terms of an option
Missing link restored.
Company Share Option Plan (CSOP): Taxation: Exercise of share options - general
Missing links restored
Schedule 4 Company Share Option Plan (CSOP): Introduction
Missing links added to page.
Schedule 3 SAYE option schemes: Taxation: Collection of tax
added sentence with regard to when a deduction is available.

published amendments

Schedule 4 Company Share Option Plan (CSOP): General requirements: Notification & registration
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: Exercise of share options - General
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: Disposal of shares - General
Missing link restored.
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: Disposal of shares – Schedule 3 SAYE option scheme
Missing link restored.
Missing link restored
Missing links restored.
Missing links restored.

published amendments

Schedule 3 SAYE option schemes: Option Notifications: Alterations
Missing link restored.
Schedule 3 SAYE option schemes: Option Notifications: Notifying a Schedule 3 SAYE option scheme
Missing link restored
Missing links restored.
Missing links restored
Schedule 3 SAYE option scheme: Option Notifications: The scheme
Missing link restored.
Schedule 3 SAYE option schemes: Exchange of options: Equivalent options
Missing link restored.
Schedule 3 SAYE option schemes: Exchange of options: Obtaining control by compromise or arrangement
Missing link restored
Schedule 3 SAYE option schemes: Exchange of options: Company reorganisation
Missing link restored
Schedule 3 SAYE option schemes: Requirements relating to share options – The exercise price: Adjustments permitted
Missing link restored.
Schedule 3 SAYE option schemes: Requirements relating to share options – The exercise price: Market value (MV) of shares
Missing link restored.
Schedule 2 share incentive plan (SIP): Types of award: Partnership shares: Deductions from salary
formatted correctly.
Missing link restored.
Missing links restored.
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Group schemes
missing link restored.
Schedule 3 SAYE option schemes: Taxation: Tax consequences for the grantor of an option
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: Disposal of shares – Schedule 3 SAYE option scheme
Missing link restored.
xx
xx
Missing link restored
Schedule 3 SAYE option schemes: Taxation: Disposal of shares - General
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: Post-acquisition income tax consequences - General
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: Exercise of share options - General
Missing link restored.
Schedule 3 SAYE option schemes: Taxation: grant of share options - General
Missing link restored
Schedule 4 Company Share Option Plan (CSOP): Grant of share options - consideration
Missing link restored.
Schedule 4 Company Share Option Plan (CSOP): Grant of share options - whether rights are acquired
Missing link restored
Schedule 2 share incentive plan (SIP): Notification & Enquiries: Termination of the plan
corrected punctuation.

published amendments

Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The employment requirement: Option not transferable
inserted missing link.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The employment requirement: Obtaining rights
inserted missing link.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The employment requirement: Grant of options
inserted missing link.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The employment requirement: Overview
inserted missing link.
Schedule 4 Company Share Option Plan (CSOP): General requirements: Interaction with EMI
inserted missing link.
Schedule 4 Company Share Option Plan (CSOP): General requirements: Market value date
inserted missing links.
Schedule 4 Company Share Option Plan (CSOP): General requirements: Market value
inserted missing link.
Schedule 4 Company Share Option Plan (CSOP): General: Limit on value of shares
inserting missing link.
Schedule 4 Company Share Option Plan (CSOP): General requirements: Notification & registration
restored missing link.
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): General requirements: Establishing a scheme
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): General requirements: Main requirements & layout of the CSOP guidance
corrected link.
corrected links.
Schedule 4 Company Share Option Plan (CSOP): Introduction
corrected links.
inserted missing links.
Schedule 2 share incentive plan (SIP): Taxation: Companies - Cost of setting up a Schedule 2 SIP
inserted missing link.
Schedule 2 share incentive plan (SIP): Taxation: Capital Gains Tax (CGT)
inserted missing link.
Schedule 2 share incentive plan (SIP): Taxation: Paying income tax or national insurance contributions (NICs)
inserted missing link.
Schedule 2 share incentive plan (SIP): Taxation: Tax advantages
trying to format table correctly.
table formatted.
table formatted.
correctly formatted table.
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Index of defined terms
Corrected missing link.

published amendments

Enterprise Management Incentives (EMI): Requirements relating to options: Amendments to performance conditions
restored missing link.
Enterprise Management Incentives (EMI): Requirements relating to options: Amendments to options
restored missing link.
Enterprise Management Incentives (EMI): Requirements relating to options: Terms of option to be agreed in writing
restored missing link.
Enterprise Management Incentives (EMI): Eligible employees: Material interest
restored missing link.
Enterprise Management Incentives (EMI): Eligible employees: Calculation of working time examples
restored missing link.
Enterprise Management Incentives (EMI): Eligible employees: Working time commitment
restored missing link.
Enterprise Management Incentives (EMI): Excluded activities: Receipt of royalties or licence fees
restored missing link.
Enterprise Management Incentives (EMI): Qualifying companies: Excluded activities
restored missing links.
Enterprise Management Incentives (EMI): Qualifying companies: Trading activities & UK permanent establishment requirement
restored missing link.
Enterprise Management Incentives (EMI): Qualifying companies: Qualifying subsidiaries
restored missing link.
Enterprise Management Incentives (EMI): Qualifying companies: Advance assurance that a company will qualify for EMI
restored missing link.
Enterprise Management Incentives (EMI): Qualifying companies: Introduction
restored missing links.
Enterprise Management Incentives (EMI): General requirements: Valuation of shares for individual limit
restored missing link.
Company Share Option Plan (CSOP): Taxation: Readily Convertible Assets (RCA’s)
restored missing link.
Company Share Option Plan (CSOP): Taxation: Joint NIC elections and agreements
restored missing link.
Company Share Option Plan (CSOP): Taxation: Withholding
restored missing link.
Company Share Option Plan (CSOP): Taxation: Operation of PAYE
restored missing link.
Company Share Option Plan (CSOP): Taxation: Tax consequences for the grantor of an option
restored missing link.
Company Share Option Plan (CSOP): Taxation: Disposal of shares – Schedule 4 CSOP schemes
restored missing link.
Company Share Option Plan (CSOP): Taxation: Post-acquisition income tax consequences - general
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Index of defined terms
corrected table format.
Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Group schemes
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: “Serious” and “Less Serious” error
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Alterations
formatted correctly.
Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Closure of enquiry
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Notice of enquiry
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Equivalent options
restored links.
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Appropriate period
corrected format.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Exercise of options for company events
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Non-UK company reorganisation arrangement
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Variations of share capital
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Unlisted shares and shares not listed on any RSE
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Shares included in the London Stock Exchange (LSE) daily official list
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Market value (MV) of shares
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Price to be stated
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Open market test
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Scheme shares subject to restrictions
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: fully paid-up and not redeemable
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Close company
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Recognised Stock Exchange (RSE)
tried to restore missing link.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Company status
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Control of the scheme company
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Status of the company and its share capital
restored missing link.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Introduction
corrected asterix.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The "no material interest" requirement: Appropriate percentage
corrected formula,
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The "no material interest" requirement: Beneficiaries of trusts
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The "no material interest" requirement: Interests under trust
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The 'no material interest' requirement: Material interest limits
restored missing links.
Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: The "no material interest" requirement: Material interest overview
restored missing links.

published amendments

Schedule 4 Company Share Option Plan (CSOP): General requirements: Notification & registration
Missing link restored.
Missing link restored.
Missing link restored.
Missing link restored.
Missing link restored.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Recognised Stock Exchange (RSE)
Missing link restored.
Missing link restored.
Missing link restored.
Missing linke restored.
Missing link restored.
Missing link restored
Schedule 2 share incentive plan (SIP): Taxation: Capital Gains Tax (CGT)
Missing link restored.
Missing link restored.
Missing link restored
Missing link restored.
Missing link restored.
restored link.
Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Index of defined terms
table correctly formatted.
Schedule 3 SAYE option schemes: Supplementary and Defined terms: Index of defined terms
restored missing link.
corrected table format.
Enterprise Management Incentives (EMI): Taxation of EMI options: National Insurance
restored missing links.
Enterprise Management Incentives (EMI): Taxation of EMI options: Other events triggering an income tax charge
restored missing link.
Enterprise Management Incentives (EMI): Taxation of EMI options: Effect of section 431 election on discounted options over restricted shares - example
restored missing links.
Enterprise Management Incentives (EMI): Taxation of EMI options: Section 431 election – effect of election for restrictions to be ignored
restored missing links.
Enterprise Management Incentives (EMI): Taxation of EMI options: Tax consequences of exercise of an option following a disqualifying event
restored missing links.
Enterprise Management Incentives (EMI): Taxation of EMI options: Taxable exercises of EMI options
restored missing links.

published amendments

Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Ordinary share capital
Corrected text.

published amendments

Enterprise Management Incentives (EMI): Company reorganisations: Grant of replacement options
Text on notification of replacement EMI options updated to reflect online requirements.

published amendments

Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Notification requirements
Update to requirements of Trustees in relation to awards made under a Schedule 2 SIP.

2016

published amendments

Enterprise Management Incentives (EMI): Qualifying companies: Qualifying subsidiaries
corrected text.
Enterprise Management Incentives (EMI): Taxation of EMI options: Capital Gains Tax – example
added to the computation.
Enterprise Management Incentives (EMI): Taxation of EMI options: National Insurance
corrected grammar.
Enterprise Management Incentives (EMI): Taxation of EMI options: Section 431 election – effect of election for restrictions to be ignored
made minor amendment to the content.
Enterprise Management Incentives (EMI): Option notifications: Compliance with time limits
minor amendment to correct grammar.
Enterprise Management Incentives (EMI): Option notifications: Annual returns – Self assessment
amendment made to clarify the position.
Enterprise Management Incentives (EMI): Company reorganisations: Meaning of qualifying exchange of shares
minor amendment to grammar.
Enterprise Management Incentives (EMI): Qualifying companies: Qualifying property managing subsidiaries
minor amendment to grammar.
Enterprise Management Incentives (EMI): General requirements: Inclusion of Schedule 4 CSOP options in individual limit
made minor amendment to the text.
Schedule 2 Share Incentive Plan (SIP): Company reconstructions: Consequences
minor amendment to the body of text.

published amendments

Schedule 4 Company Share Option Plan (CSOP): Shares to be used: More than one class of share
Correction of typographical error.

published amendments

Enterprise Management Incentives (EMI): Qualifying companies: Qualifying subsidiaries
Remove duplicate text.

published amendments

Schedule 3 SAYE option schemes: Requirements relating to share options – The exercise price: Process of granting options
Grammar and format error correction.

published amendments

Schedule 2 share incentive plan (SIP): Shares that may be awarded: Company status
made a minor change to list 4 conditions re paragraph 27(1) instead of 3.

published amendments

Enterprise Management Incentives (EMI): Qualifying companies: Advance assurance that a company will qualify for EMI
Contact details for Small Company Enterprise Centre provided

published amendments

Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Market value – definition in plan rules
inserted at " Listed Securities"; first paragraph;after" Daily Official List" the phrase in brackets" ( or Foreign Exchange List)"

published amendments

Schedule 3 SAYE option schemes: Linkage to savings (arrangement): Bonuses and interest
Link to prospectus updated

published amendments

Introduction to tax advantaged share schemes: Feedback on this manual
Page republished to show email address shareschemes@hmrc.gsi.gov.uk

published amendments

Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Open market test
Correction to one of the definitions of outsiders.

published amendments

Schedule 2 share incentive plan (SIP): Types of award: Free shares: Introduction
Punctuation amended.

published amendments

Enterprise Management Incentives (EMI): Taxation of EMI options: Disqualifying events – alterations of share capital
Improve clarity of the description of a disqualifying event

published amendments

Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Non-UK company reorganisation arrangement
Expansion of non-UK company organisation arrangement and overseas equivalent legislation definitions and impacts.
Expansion of non-UK company reorganisation arrangement definition.
Expansion of commentary on " overseas equivalent legislation" provisions.
Schedule 3 SAYE option schemes: Requirements relating to share options: Exercise rights: Change of control
Refinement of non-UK company reorganisation arrangement and equivalent overseas legislation definitions.
Schedule 2 share incentive plan (SIP): General requirements: Participation on same terms
Refinement of definition of Remuneration.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Control of the scheme company
Clarification of cross-reference to Corporation Tax guidance.
Schedule 3 SAYE option schemes: Shares to which schemes can apply: Control of the scheme company
Clarification of cross-reference to Corporation Tax guidance.
Enterprise Management Incentives (EMI): Requirements relating to options: Terms of option to be agreed in writing
Expansion of guidance on notification of restrictions.
Schedule 3 SAYE option schemes: Shares to which schemes can apply: Shares to be used: Scheme shares subject to restrictions
Expansion of the guidance on notification of restrictions.
Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Scheme shares subject to restrictions
Expansion of guidance on notification of restrictions.

published amendments

Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Conditional exercise of options for corporate events
Discretion in Takeover Exercise Provisions
Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Market value – definition in plan rules
Calculating Market Value for Listed Securities

published amendments

Enterprise Management Incentives (EMI): General requirements: Maximum company limit
Clarification of Maximum Company Limit

published amendments

Schedule 2 share incentive plan (SIP): General requirements: No preferential treatment for directors and senior employees
Correction of minor reference

published amendments

Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: Non-UK company reorganisation arrangement
Correction to Legislative Reference

published amendments

Schedule 2 share incentive plan (SIP): Types of award: Partnership shares: Acquisition and award of shares
Correction of a statutory reference.

2017

published amendments

Introduction to Tax Advantaged Share Schemes: Setting up a scheme: Annual returns: Electronic filing
Update to contact address
Introduction to tax advantaged share schemes: Feedback on this manual
Update to contact details for suggestions and comments on this manual

published amendments

Introduction to Tax Advantaged Share Schemes: Annual returns: Appeals
Contact details updated

published amendments

Enterprise Management Incentives (EMI): Option notifications: Registration & notice of grant of option to HMRC
contact details updated

published amendments

Enterprise Management Incentives (EMI): Option notifications: Correction of notice by HMRC
Update to reflect that it is not possible to make corrections to online notifications submitted through the ERS online service.