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HMRC internal manual

Employment Related Securities Manual

Employment-related securities and options: definition of ‘employment-related’

Employment-related securities

ITEPA03/S421B (8) provides a definition of ‘employment-related securities’; that is, any securities (or interest in securities) which are covered by Chapters 2 to 4A of Part 7 ITEPA 2003.

Employment-related securities options

In a similar way, ITEPA03/S471 (5) defines “employment-related securities options” as those securities options to which Chapter 5 of Part 7 ITEPA 2003 applies.