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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.

2018

published amendments

Enterprise Management Incentives (EMI): Introduction
An update is required to bring to customers qattention a Bulletin published on Gov.uk tht impacts on EMI share schemes post 6 April 2018