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HMRC internal manual

Employment Related Securities Manual

Employment Related Securities Manual: recent changes

Below are details of the amendments that were published on 1 November 2013 (see the update index for all updates)

Page Details of update
ERSM110000 New and removed pages and titles
ERSM110010 Expanded discussion of ‘securities options”, cross reference to guidance on options used in avoidance
ERSM110015 New page discussing ‘legal options’ and other securities options
ERSM110020 Discussion of phantom options
ERSM110025 Discussion of the effect of cash alternatives to securities
ERSM110030 Deleted as out of date
ERSM110050 Updated for FA 2008 changes and minor amendments for clarity
ERSM110060 Additional page
ERSM110100 Deletion of out-of-date passage
ERSM110110 Updated for FA 2008
ERSM110200 Updated and minor amendments for clarity
ERSM110500 Updated for FA 2008
ERSM110510 Amended paragraphs on Chapter 3B and cashless exercise
ERSM110520 Minor amendments for clarity
ERSM110530 Deleted as out of date
ERSM110540 Minor amendment to update
ERSM110560 Minor amendments for clarity and to update
ERSM110600 Updated for FA 2008
ERSM110700 Deleted as out of date
ERSM110800 Minor amendment to update
ERSM110850 Deletion of out-of-date passage. New cross reference to Capital Gains Manual
ERSM110900 Inclusion of reference to cash earn-outs and a possible earnings charge
ERSM110910 Deletion of legislative references
ERSM110930 Minor amendments for clarity
ERSM111000 Deletion of duplicated discussion and cross reference to discussion of rights issues