ERSM170500 - PAYE & NICs: PAYE & NICs - commencement dates
The following table summarises the dates PAYE and NICs began to apply to the various charges on shares or securities:
Charge |
Statute |
PAYE from |
Class 1 NICs from |
Class 1A NICs from |
|---|---|---|---|---|
Acquisition of share or security |
Up to 5/4/03 - S19 ICTA 1988 on tradeable assets. |
25/5/94 |
6/6/95 |
N/A |
| Acquisition of share or security | From 6/4/03 - S62 ITEPA 203 on readily convertible assets. | 06/04/98 | 01/10/98 | - |
Share option gains |
Up to 5/4/03 - S135 ICTA 1988.From 6/4/03 -Ch 5 Pt 7 ITEPA, on exercise of share options. |
27/11/96 |
N/A |
N/A |
Share option gains |
Up to 5/4/03 - S135 ICTA 1988. From 6/4/03 -Ch 5 Pt 7 ITEPA on the release of options (whenever granted). |
27/11/96 |
6/4/99 |
N/A |
Share option gains |
Up to 5/4/03 - S135 ICTA 1988. From 6/4/03 -Ch 5 Pt 7 ITEPA, on option gains on options granted after 5/4/99. |
- |
6/4/99 |
- |
| Approved share schemes | Discounted EMI options. | 9/4/03 | 9/4/03 | N/A |
| Approved share schemes | SIP shares taken out of the plan within 5 years of the award. | 28/07/00 | 28/07/00 | N/A |
| Approved share schemes | Early exercises of CSOP options. | 9/4/03 | 9/4/03 | N/A |
Securities option gains |
From 1/9/03 - Ch 5 Pt 7 ITEPA. |
1/9/03 |
1/9/03 |
N/A |
Conditional shares acquired before 16/4/03 |
From 17/3/98 to 5/4/03 -S140A ICTA 1988. From 6/4/03 -Ch 2 Pt 7 ITEPA 2003. |
6/4/98 |
9/4/98 |
N/A |
Restricted shares acquired before 16/4/03 |
Up to 5/4/03 - S78 FA 1988. Ch 4 Pt 7 ITEPA 1988 to 31/8/03. |
N/A |
N/A |
N/A |
Restricted securities |
From 1/9/03 - Ch 2 Pt 7 ITEPA 2003. |
N/A |
N/A |
N/A |
Convertible shares |
From 17/3/98 to 5/4/03 -S140D ICTA 1988. From 6/4/03 - Ch 3 Pt 7 ITEPA 2003. |
6/4/98 |
9/4/98 |
N/A |
Convertible securities |
From 1/9/03 - Ch 3 Pt 7 ITEPA 2003. |
1/9/03 |
1/9/03 |
N/A |
Special benefits |
Up to 5/4/03 - S80 FA 1988. |
N/A |
N/A |
N/A |
Benefits in connection with securities |
From 6/4/03 - Ch 4 Pt 7 ITEPA 2003. |
1/9/03 |
1/9/03 |
N/A |
Partly-paid shares acquired before 16/4/03 |
Up to 5/4/03 - S162(1) ICTA 1988. |
N/A |
N/A |
6/4/00 |
| Partly-paid shares acquired before 16/4/03 | From 6/4/03 - Ch 8 Pt 3 ITEPA 2003. | N/A | N/A | 6/4/03 |
Partly-paid securities acquired on or after 16/4/03 |
Ch 3C Pt 7 ITEPA 2003 from 16/4/03. |
1/9/03 |
1/9/03 (on discharge on notional loan) |
1/9/03 (on the notional loan) |
| Partly-paid securities acquired on or after 16/4/03 | Annual charge under Ch 7 Pt 3 | - | - | 16/04/03 |
| Stop-loss | Up to 5/4/03 - S162(6) ICTA 1988 | N/A | N/A | N/A |
| Stop-loss | From 6/4/03 - Ch 9 Pt 3 ITEPA 2003 | N/A | N/A | N/A |
| Stop-loss | From 16/04/03 - Ch 3D Pt 7 ITEPA 2003 | 1/9/03 | 1/9/03 | N/A |
Securities with artificially depressed MV |
From 16/4/03 - Ch 3A Pt 7 ITEPA 2003 |
1/9/03 |
1/9/03 |
N/A |
Securities with artificially enhanced MV |
From 16/4/03 - Ch 3B Pt 7 ITEPA 2003 |
1/9/03 |
1/9/03 |
N/A |