Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Employment Related Securities Manual

Updates: Employment Related Securities Manual

2016

published amendments

Restricted securities: no charge on acquisition: forfeiture condition 5 years or less
Hyperlink to first attachment corrected

published amendments

International from 6 April 2015: ascertaining chargeable and unchargeable foreign securities income - from 6 April 2015: non-resident employees and split years
The proviso has been added that all of the duties of the employment in the year must be performed outside the UK for the relevant securities income to be 'unchargeable foreign securities income'.

published amendments

Reporting requirements - 'Other' template' (Previously Form 42)
Reference to the year ended 5 April 2006 removed and years in examples brought up to date.

published amendments

Introduction
link check
typo

published amendments

Securities with Artificially Enhanced Value
Errors in computations corrected.
Typographical error corrected

published amendments

Reporting requirements - Form 42
Additional guidance on reporting requirements in respect of employees not resident in the UK.

published amendments

Restricted securities: elections to exclude outstanding restrictions
Missing link to joint Section 431 election by employer and single employee restored

published amendments

Restricted securities: elections to exclude outstanding restrictions
Hyperlink to third attachment corrected.

published amendments

Feedback
Deleted old business name and corrected statement on the purpose of the guidance.

published amendments

Securities with Artificially Enhanced Value
Amended to clarify that the direction to seek advice from ESSU is for HMRC staff only.
Securities with Artificially Depressed Value
Amended to clarify that the direction to seek advice from ESSU is for HMRC staff only.

2017

published amendments

PAYE & NICs
Time limit in section 222 revised in line with FA2014

published amendments

Reporting requirements - 'Other' template' (Previously Form 42)
Clarification of reporting requirements for founder shares.

published amendments

Introduction
Contact details updated

published amendments

PAYE & NICs
format correction
replacement of flow chart with explantion in text form
PAYE & NICs
Replace 'flowchart' with 'steps'

published amendments

Reporting requirements
Spelling errors
Changes in legislation and automatic penalties since online filing was introduced from April 2014 and the guidance needed to be updated to reflect this
Employment-related securities and options: meaning of ‘market value’
Regulations introduced in 2015 changed the way shares are valued for the purpose of TCGA - guidance needs updating to reflect this
Valuation Issues
Regulations introduced in 2015 changed the ways shares are valued for the purpose of TCGA the guidance needed updating to reflect this

published amendments

Reporting requirements
Title of guidance still referred to form 42 which is now obsolete

published amendments

PAYE & NICs
Formatting
legislative changes made post 6 April 2014 and guidance needs updating to reflect this

published amendments

Employment-related securities and options: what are securities: RSUs and dividend equivalents
changes in legislation result in changes to guidance being required
Employment-related securities and options: what are securities: Long Term Incentive Plan (LTIP)
Changes in legislation require updates to the guidance