This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Employment Related Securities Manual


How to use this manual

Here are some ways to get to what you need:

Tables of contents

You can use the tables to drill down to the pages you need.


Search the manuals area using keywords and look for results in the ERSM.

Sometimes this will take you to detailed pages which should not be relied on out of context. So we strongly recommend that you press the menu button to see the context before reading particular pages.