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HMRC internal manual

Employment Related Securities Manual

From
HM Revenue & Customs
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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 S19 ICTA 1988 to 5/4/03

On tradeable assets

On readily convertible assets

S62 ITEPA 2003 from 6/4/03 25/5/94
6/4/98 6/6/95
1/10/98 N/A
N/A    
  Share option gains S135 ICTA 1988 to 5/4/03
Exercise of share options 27/11/96 N/A N/A    
    Release of options (whenever granted) 27/11/96 6/4/99 N/A
    Option gains on options granted after 5/4/99      
Ch 5 Pt 7 ITEPA from 6/4/03   6/4/99  
  Approved share schemes Discounted EMI options  

SIP shares taken out of the plan within 5 years of the award

Early exercises of CSOP options 9/4/03

28/7/00

9/4/03

  9/4/03

28/7/00

9/4/03

  N/A

N/A

N/A          
  Securities option gains Ch 5 Pt 7 ITEPA from 1/9/03 1/9/03 1/9/03 N/A
  Conditional shares acquired before 16/4/03 S140A ICTA 1988 from 17/3/98 to 5/4/03      
Ch 2 Pt 7 ITEPA 2003 from 6/4/03 6/4/98 9/4/98 N/A
  Restricted shares acquired before 16/4/03 S78 FA 1988 to 5/4/03  
Ch 4 Pt 7 ITEPA 1988 to 31/8/03 N/A N/A N/A    
  Restricted securities Ch 2 Pt 7 ITEPA 2003 from 1/9/03 N/A N/A N/A
  Convertible shares S140D ICTA 1988 from 17/3/98 to 5/4/03      
Ch 3 Pt 7 ITEPA 2003 from 6/4/03 6/4/98 9/4/98 N/A    
  Convertible securities Ch 3 Pt 7 ITEPA 2003 from 1/9/03 1/9/03 1/9/03 N/A
  Special benefits S80 FA 1988 to 5/4/03 N/A N/A N/A
  Benefits in connection with securities Ch 4 Pt 7 ITEPA 2003 from 6/4/03 1/9/03 1/9/03 N/A
  Partly-paid shares acquired before 16/4/03 S162(1) ICTA 1988 to 5/4/03      
Ch 8 Pt 3 ITEPA 2003 from 6/4/03 N/A
N/A N/A
N/A 6/4/00
6/4/03    
  Partly-paid securities acquired on or after 16/4/03 Ch 3C Pt 7 ITEPA 2003 from 16/4/03
Annual charge under Ch 7 Pt 3 1/9/03 1/9/03 (on discharge on notional loan) 1/9/03 (on the notional loan)
16/4/03    
  Stop-loss S162(6) ICTA 1988 to 5/4/03

Ch 9 Pt 3 ITEPA 2003 from 6/4/03

Ch 3D Pt 7 ITEPA 2003 from 16/4/03 N/A

N/A

1/9/03 N/A/

N/A

1/9/03 N/A

N/A

N/A          
  Securities with artificially depressed MV Ch 3A Pt 7 ITEPA 2003 from 16/4/03 1/9/03 1/9/03 N/A
  Securities with artificially enhanced MV Ch 3B Pt 7 ITEPA 2003 from 16/4/03 1/9/03 1/9/03 N/A