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HMRC internal manual

Employment Related Securities Manual

From
HM Revenue & Customs
Updated
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International from 6 April 2015: the relevant period - from 6 April 2015: post-acquisition benefits from securities

ITEPA03/S41G(7)(b) says that where there is an amount which counts as employment income by virtue of Chapter 4 (post-acquisition benefits from securities) the relevant period is the tax year in which the benefit is received.

Example

Claire works for a company which decides to provide a week’s holiday to all its employee shareholders. She resident but not domiciled in the UK and meets the requirement of ITEPA03/S26A (ERSM162615) in the year the benefit is received.

The relevant period is the tax year in which the benefit is received.