New rules from 6 April 2014 for UK employee share plans
HMRC is introducing new registration and self-certification requirements for both new and existing share plans effective from 6 April 2014. This is following the recommendations of the Office of Tax Simplification.
All new and existing employee share plans and arrangements will need to be registered online. Companies will also need to certify that any tax-advantaged plans meet certain requirements.
The following need to be registered: unexercised EMI options; new grants of EMI options; non-tax-advantaged arrangements currently recorded on Form 42 company share option plans (CSOPs); save-as-you-earn (SAYE) plans; and share incentive plans (SIPs)…
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