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HMRC internal manual

Employment Related Securities Manual

From
HM Revenue & Customs
Updated
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Valuation Issues

Introduction

The question of valuation can be crucial in establishing whether an Income Tax liability arises. Under SA the onus is on the individual to determine whether or not the acquisition of, or other transactions involving, employment-related securities leads to a tax liability.

The following pages give an overview of valuation issues affecting employment-related securities.