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HMRC internal manual

Employment Income Manual

HM Revenue & Customs
, see all updates

Particular benefits: incentive scheme awards

Non-cash awards under incentive award schemes are chargeable on directors and employees (except for 2015/16 and earlier those in an excluded employment (see EIM20007)), on the full cost to the provider, or, if the amount is greater, their second-hand value if they can be converted into money (see EIM21005).