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HMRC internal manual

Employment Income Manual

PAYE: employment-related securities: commencement

Part 7 ITEPA 2003 as amended by Schedule 22 FA 2003

The new rules at Part 7 that make provision for amounts to count as employment income take effect as follows:

Chapter 2 Restricted securities (see EIM12220) 1 September 2003
Chapter 3 Convertible securities (see EIM12230) 1 September 2003
Chapter 3A Securities with artificially depressed market value (see EIM12240) 16 April 2003
Chapter 3B Securities with artificially enhanced market value (see EIM12250) 16 April 2003
Chapter 3C Securities acquired for less than market value (see EIM12260) 16 April 2003
Chapter 3D Securities disposed of for more than market value (see EIM12270) 16 April 2003
Chapter 4 Post-acquisition benefits from securities (see EIM12280) 16 April 2003
Chapter 5 Securities options, share options (see EIM12310) 1 September 2003
Chapter 5 Securities options, other securities options (see EIM12320) 16 April 2003
Chapter 8 Approved company share option plan (CSOP) schemes (see EIM12210) 9 April 2003