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HMRC internal manual

Employment Income Manual

Incentive award schemes: awards to the self- employed

Employment income rules do not apply to awards for self-employed workersSome incentive award schemes may provide for awards to both employees and the self- employed. The employment income rules for valuing and taxing incentive awards do not apply to the self-employed.

The Inspector dealing with the accounts of the person receiving the award will decide whether the award should be taken into account in arriving at the business profits and, if so, the amount to be included.