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Employee Tax Advantaged Share Scheme User Manual
Publication Date: 2023
Publisher: Bloomsbury Professional
Copyright: 2023 Crown
Employee Tax Advantaged Share Scheme User Manual
Guidance relating to tax advantaged share schemes.
Last update: 30th September 2023
Contents
- ETASSUM01000: Data Protection
- Close sectionETASSUM10000: Introduction to tax advantaged share schemes: contents
- Close sectionETASSUM11000: Introduction to Tax Advantaged Share Schemes - setting up a scheme: contents
- ETASSUM11100: Scheme documents
- ETASSUM11200: Establishing a scheme
- ETASSUM11300: Registering a scheme
- ETASSUM11400: Annual returns
- ETASSUM11500: Electronic filing
- ETASSUM11600: Amended returns
- ETASSUM11700: Annual returns: Termination conditions
- ETASSUM11800: Annual returns: Penalties for late filing
- ETASSUM11900: Annual returns: Appeals
- ETASSUM12000: Annual returns: Reasonable excuse
- Close sectionETASSUM20000: Schedule 2 Share Incentive Plan (SIP): contents
- Close sectionETASSUM20100: Schedule 2 share incentive plan (SIP): Introduction - Contents
- ETASSUM20110: Schedule 2 Share Incentive Plan (SIP): Tax advantaged status: Notification
- ETASSUM20120: Schedule 2 Share Incentive Plan (SIP): The Plan
- ETASSUM20130: Schedule 2 Share Incentive Plan (SIP): Introduction - Conditions for participation
- ETASSUM20140: Schedule 2 share incentive plan (SIP): Introduction - Types of award
- Close sectionETASSUM21000: Schedule 2 share incentive plan (SIP): General requirements
- ETASSUM21010: General requirements: overview
- ETASSUM21020: General requirements: Purpose of the plan
- ETASSUM21030: General requirements: Cash alternatives
- ETASSUM21040: General requirements: SIP as part of flexible benefits arrangement
- ETASSUM21050: General requirements: All-employee nature of the plan
- ETASSUM21060: General requirements: Discouraging features
- ETASSUM21070: General requirements: Participation on same terms
- ETASSUM21080: General requirements: Varying number of shares awarded
- ETASSUM21090: General requirements: Performance conditions
- ETASSUM21100: General requirements: Calculating total entitlement
- ETASSUM21110: General requirements: No loan arrangements
- ETASSUM21120: General requirements: No preferential treatment for directors and senior employees
- ETASSUM21130: General requirements: No further conditions
- Close sectionETASSUM22000: Schedule 2 Share Incentive Plan (SIP): Eligibility
- ETASSUM22100: Schedule 2 Share Incentive Plan (SIP): Eligibility: Introduction
- ETASSUM22110: Schedule 2 Share Incentive Plan (SIP): Eligibility: Time of eligibility to participate
- ETASSUM22120: Schedule 2 Share Incentive Plan (SIP): Eligibility: The employment requirement
- ETASSUM22130: Schedule 2 Share Incentive Plan (SIP): Eligibility: Qualifying periods
- ETASSUM22140: Schedule 2 Share Incentive Plan (SIP): Eligibility: Meaning of ‘qualifying company’
- ETASSUM22150: Schedule 2 Share Incentive Plan (SIP): Eligibility: No simultaneous participation in connected Schedule 2 SIPs
- ETASSUM22160: Schedule 2 Share Incentive Plan (SIP): Eligibility: Participation in more than one Schedule 2 SIP in the same tax year
- Close sectionETASSUM23000: Schedule 2 share incentive plan (SIP): Shares that may be awarded
- ETASSUM23100: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Introduction
- ETASSUM23110: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Eligible shares
- ETASSUM23120: Schedule 2 share incentive plan (SIP): Shares that may be awarded: When requirements must be satisfied
- ETASSUM23130: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Status of the company and its share capital
- ETASSUM23140: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Control of the company establishing the plan
- ETASSUM23150: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Control by a consortium
- ETASSUM23160: Shares that may be awarded: Ordinary share capital
- ETASSUM23170: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Deferred shares
- ETASSUM23180: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Convertible preference shares
- ETASSUM23190: Shares that may be awarded: Depository receipts
- ETASSUM23200: Shares that may be awarded: Swiss bearer participation certificates
- ETASSUM23210: Shares that may be awarded: Permanent Interest Bearing shares (PIBs)
- ETASSUM23220: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Company status
- ETASSUM23230: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Control by another company
- ETASSUM23240: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Recognised stock exchange (RSE)
- ETASSUM23250: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Close company
- ETASSUM23260: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Normal shares
- ETASSUM23270: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Fully paid up shares
- ETASSUM23280: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Non-redeemable shares
- ETASSUM23290: Schedule 2 share incentive plan (SIP): Shares that may be awarded: Permitted restrictions - Forfeiture
- ETASSUM23300: Schedule 2 share incentive plan (SIP): Shares that may be awarded: What amounts to a restriction
- Close sectionETASSUM24000: Schedule 2 Share Incentive Plan (SIP): Types of awards
- ETASSUM24100: Schedule 2 share incentive plan (SIP): Types of award: Free shares
- ETASSUM24300: Schedule 2 share incentive plan (SIP): Types of award: Partnership shares
- ETASSUM24500: Schedule 2 share incentive plan (SIP): Types of award: Matching shares
- ETASSUM24700: Schedule 2 share incentive plan (SIP): Types of award: Dividend shares
- Close sectionETASSUM25000: Schedule 2 Share Incentive Plan (SIP): Company reconstructions and ‘rights issues’
- ETASSUM25100: Schedule 2 Share Incentive Plan (SIP): Company reconstructions: What they include
- ETASSUM25110: Schedule 2 Share Incentive Plan (SIP): Company reconstructions: Practical issues
- ETASSUM25120: Schedule 2 Share Incentive Plan (SIP): Company reconstructions: Cash takeovers
- ETASSUM25130: Schedule 2 Share Incentive Plan (SIP): Company reconstructions: Consequences
- ETASSUM25140: Schedule 2 Share Incentive Plan (SIP): Rights issues: What they include
- ETASSUM25150: Schedule 2 Share Incentive Plan (SIP): Rights issues: Trustees' obligations
- ETASSUM25160: Schedule 2 Share Incentive Plan (SIP): Rights issues: Treatment of shares acquired
- Close sectionETASSUM26000: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP
- ETASSUM26100: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Establishment of the trust: Introduction
- ETASSUM26110: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Duties of the trustees
- ETASSUM26120: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Notification requirements
- ETASSUM26130: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Record-keeping requirements
- ETASSUM26140: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Trustees' optional powers
- ETASSUM26150: Schedule 2 Share Incentive Plan (SIP): Requirements relating to the trust and trustees of a Schedule 2 SIP: Trustees' obligations in relation to tax
- Close sectionETASSUM27000: Schedule 2 share incentive plan (SIP): Notification & Enquiries
- ETASSUM27100: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Notice of enquiry
- ETASSUM27110: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Information powers
- ETASSUM27120: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Closure of enquiry
- ETASSUM27130: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Application for closure notice
- ETASSUM27140: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Alterations
- ETASSUM27150: Schedule 2 share incentive plan (SIP): Notification & Enquiries: ”Serious” and “Less Serious” error
- ETASSUM27160: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Assessment of penalties (paragraph 81J)
- ETASSUM27170: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Appeals (paragraph 81K)
- ETASSUM27180: Schedule 2 share incentive plan (SIP): Notification & Enquiries: Termination of the plan
- Close sectionETASSUM28000: Schedule 2 share incentive plan (SIP): Supplementary and defined terms
- ETASSUM28100: Supplementary and defined terms: Introduction
- ETASSUM28110: Supplementary and defined terms: Jointly owned companies
- ETASSUM28120: Supplementary and defined terms: Associated company
- ETASSUM28130: Supplementary and defined terms: ‘Relevant employment’
- ETASSUM28140: Supplementary and defined terms: Retirement as a ‘good leaver’
- ETASSUM28150: Supplementary and defined terms: Shares ‘ceasing to be subject to the plan’
- ETASSUM28160: Supplementary and defined terms: ‘Good leaver’: No charge on shares ceasing to be subject to the plan in certain circumstances
- ETASSUM28170: Supplementary and defined terms: Market value
- ETASSUM28180: Supplementary and defined terms: Market value - definition in plan rules
- ETASSUM28190: Supplementary and defined terms: Minor definitions
- ETASSUM28200: Supplementary and defined terms: Index of defined terms
- ETASSUM28210: Supplementary and defined terms: SIP Review Document
- ETASSUM28220: Supplementary and defined terms: Specimen SIP rules
- ETASSUM28230: Supplementary and defined terms: Specimen SIP trust deed
- ETASSUM28240: Supplementary and defined terms: SIP specimen partnership share agreement
- ETASSUM28250: Supplementary and defined terms: SIP specimen free share agreement
- Close sectionETASSUM29000: Schedule 2 share incentive plan (SIP): Taxation
- ETASSUM29010: Schedule 2 share incentive plan (SIP): Taxation: Introduction
- ETASSUM29020: Schedule 2 share incentive plan (SIP): Taxation: Tax advantages
- ETASSUM29030: Schedule 2 share incentive plan (SIP): Taxation: Disadvantages
- ETASSUM29040: Schedule 2 share incentive plan (SIP): Taxation: Paying income tax or national insurance contributions (NICs)
- ETASSUM29050: Schedule 2 share incentive plan (SIP): Taxation: Capital Gains Tax (CGT)
- ETASSUM29060: Schedule 2 share incentive plan (SIP): Taxation: Partnership Share Money
- ETASSUM29070: Schedule 2 share incentive plan (SIP): Taxation: Companies - Cost of setting up a Schedule 2 SIP
- Close sectionETASSUM20100: Schedule 2 share incentive plan (SIP): Introduction - Contents
- Close sectionETASSUM30000: Schedule 3 Save As You Earn (SAYE) option scheme: contents
- Close sectionETASSUM30100: Schedule 3 Save As You Earn (SAYE) option scheme
- ETASSUM30110: Schedule 3 Save As You Earn (SAYE) option scheme: Introduction
- ETASSUM30120: Schedule 3 Save As You Earn (SAYE) option scheme: Grant of share options - Legal considerations
- ETASSUM30130: Schedule 3 Save As You Earn (SAYE) option scheme: Grant of share options - Consideration
- ETASSUM30140: Schedule 3 Save As You Earn (SAYE) option scheme: Grant of share options - Whether rights are obtained
- Close sectionETASSUM31000: Schedule 3 SAYE Option Scheme: General requirements
- ETASSUM31010: Schedule 3 SAYE Option Scheme: General requirements: Introduction
- ETASSUM31020: Schedule 3 SAYE Option Scheme: General requirements: Cash features
- ETASSUM31030: Schedule 3 SAYE Option Scheme: General requirements: Advance payments of exercise price
- ETASSUM31040: Schedule 3 SAYE Option Scheme: General requirements: Parallel options
- ETASSUM31050: Schedule 3 SAYE Option Scheme: General requirements: All-employee nature of scheme
- ETASSUM31060: Schedule 3 SAYE Option Scheme: General requirements: No discouraging features
- ETASSUM31070: Schedule 3 SAYE Option Scheme: General requirements: Participation on similar terms
- ETASSUM31080: Schedule 3 SAYE Option Scheme: General requirements: Scaling down
- ETASSUM31090: Schedule 3 SAYE Option Scheme: General requirements: No preferential treatment for directors or senior employees
- Close sectionETASSUM32000: Schedule 3 SAYE Option Scheme: Eligibility of individuals to participate
- Close sectionETASSUM33000: Schedule 3 SAYE option schemes: Shares to which schemes can apply
- ETASSUM33010: Shares to which schemes can apply: Introduction
- ETASSUM33020: Shares to which schemes can apply: Scheme shares
- ETASSUM33030: Shares to which schemes can apply: When requirements must be satisfied
- ETASSUM33040: Shares to which schemes can apply: Status of the company and its share capital
- ETASSUM33050: Shares to which schemes can apply: Control of the scheme company
- ETASSUM33060: Shares to which schemes can apply: Control by a consortium
- ETASSUM33070: Shares to which schemes can apply: Ordinary share capital
- ETASSUM33080: Shares to which schemes can apply: Deferred shares
- ETASSUM33090: Shares to which schemes can apply: Convertible preference shares
- ETASSUM33100: Shares to which schemes can apply: Depository receipts
- ETASSUM33110: Shares to which schemes can apply: Swiss Bearer Participation Certificates
- ETASSUM33120: Shares to which schemes can apply: Permanent Interest Bearing Shares (PIBs)
- ETASSUM33130: Shares to which schemes can apply: Company status
- ETASSUM33140: Shares to which schemes can apply: Control by another company
- ETASSUM33150: Shares to which schemes can apply: Recognised Stock Exchange (RSE)
- ETASSUM33160: Shares to which schemes can apply: Close company
- ETASSUM33170: Shares to which schemes can apply: Fully paid-up and not redeemable
- ETASSUM33180: Shares to which schemes can apply: Fully paid up shares
- ETASSUM33190: Shares to which schemes can apply: Not-redeemable shares
- ETASSUM33200: Shares to which schemes can apply: Shares to be used: Scheme shares subject to restrictions
- ETASSUM33210: Shares to which schemes can apply: More than one class of share
- ETASSUM33220: Shares to which schemes can apply: Employee control shares
- ETASSUM33230: Shares to which schemes can apply: Open market test
- ETASSUM33240: Shares to which schemes can apply: As a director or employee
- Close sectionETASSUM34000: Schedule 3 SAYE option schemes: Linkage to Savings (Arrangement)
- ETASSUM34010: Linkage to Savings (Arrangement): Introduction
- ETASSUM34020: Linkage to Savings (Arrangement): Required links
- ETASSUM34030: Linkage to Savings (Arrangement): Certified Schedule 3 SAYE savings arrangement
- ETASSUM34040: Linkage to Savings (Arrangement): Savings contracts and grant of options
- ETASSUM34050: Linkage to Savings (Arrangement): Exercise of options using savings repayments
- ETASSUM34060: Linkage to Savings (Arrangement): Early exercise of options before bonus date
- ETASSUM34070: Linkage to Savings (Arrangement): The Schedule 3 SAYE contract
- ETASSUM34080: Linkage to savings (arrangement): Bonuses and interest
- ETASSUM34090: Linkage to Savings (Arrangement): Terms of prospectus
- ETASSUM34100: Linkage to savings (arrangement): Changes to prospectus
- ETASSUM34110: Linkage to Savings (Arrangement): Monthly contributions
- ETASSUM34120: Linkage to savings (arrangement): Deductions from pay
- ETASSUM34130: Linkage to savings (Arrangement): Failure to pay contributions
- ETASSUM34140: Linkage to Savings (Arrangement): Temporary postponement of contributions
- ETASSUM34150: Linkage to Savings (Arrangement): Employees' declaration
- ETASSUM34160: Linkage to Savings (Arrangement): More than one savings carrier
- ETASSUM34170: Linkage to savings (arrangement): Link between exercise & bonus date
- ETASSUM34180: Linkage to Savings (Arrangement): Bonus date
- ETASSUM34190: Linkage to Savings (Arrangement): Partial exercise of options
- ETASSUM34200: Linkage to savings (arrangement): Link between level of savings & size of related share option
- ETASSUM34210: Linkage to Savings (Arrangement): Monthly savings limits
- ETASSUM34220: Linkage to Savings (Arrangement): Multiple options/savings contracts
- ETASSUM34230: Linkage to Savings (Arrangement): Foreign currency shares
- Close sectionETASSUM35000: Schedule 3 SAYE option schemes: Requirements relating to share options
- Close sectionETASSUM36000: Schedule 3 SAYE option schemes: Exchange of options
- ETASSUM36010: Schedule 3 SAYE option schemes: Exchange of options: Introduction
- ETASSUM36020: Schedule 3 SAYE option schemes: Exchange of options: Company reorganisation
- ETASSUM36030: Schedule 3 SAYE option schemes: Exchange of options: Rollover of options
- ETASSUM36040: Schedule 3 SAYE share option schemes: Exchange of options: Scheme rules
- ETASSUM36050: Schedule 3 SAYE option schemes: Exchange of options: When a rollover of options can take place
- ETASSUM36060: Schedule 3 SAYE option schemes: Exchange of options: Obtaining control by general offer
- ETASSUM36070: Schedule 3 SAYE option schemes: Exchange of options: Obtaining control by compromise or arrangement
- ETASSUM36080: Schedule 3 SAYE option schemes: Exchange of options: Obtaining control by a non-UK company reorganisation arrangement
- ETASSUM36090: Schedule 3 SAYE option schemes: Exchange of options: Becoming bound or entitled
- ETASSUM36100: Schedule 3 SAYE option schemes: Exchange of options: Agreement of the acquiring company
- ETASSUM36110: Schedule 3 SAYE option schemes: Exchange of options: Appropriate period
- ETASSUM36120: Schedule 3 SAYE option schemes: Exchange of options: Equivalent options
- ETASSUM36130: Schedule 3 SAYE option schemes: Exchange of options: Exercise provisions of new options
- ETASSUM36140: Schedule 3 SAYE option schemes: Exchange of options: Number of shares subject to new options
- ETASSUM36150: Schedule 3 SAYE option schemes: Exchange of options: Acquisition price of new options
- ETASSUM36160: Schedule 3 SAYE option schemes: Exchange of options: Income tax consequences
- ETASSUM36170: Schedule 3 SAYE option schemes: Exchange of options: CGT consequences for the option holder
- Close sectionETASSUM37000: Schedule 3 SAYE option schemes: Option Notifications
- ETASSUM37010: Schedule 3 SAYE option schemes: Option Notifications: Introduction
- ETASSUM37020: Schedule 3 SAYE option scheme: Option Notifications: The scheme
- ETASSUM37030: Schedule 3 SAYE option schemes: Option Notifications: Notifying a Schedule 3 SAYE option scheme
- ETASSUM37040: Schedule 3 SAYE option schemes: Option Notifications: Information powers
- ETASSUM37050: Schedule 3 SAYE option schemes: Option Notifications: Notice of enquiry
- ETASSUM37060: Schedule 3 SAYE option schemes: Option Notifications: Closure of enquiry
- ETASSUM37070: Schedule 3 SAYE option schemes: Option Notifications: Completion of enquiry - Application for closure notice
- ETASSUM37080: Schedule 3 SAYE option schemes: Option Notifications: Alterations
- ETASSUM37090: Schedule 3 SAYE option schemes: Option Notifications: ‘Serious’ and ‘Less Serious’ error
- ETASSUM37100: Schedule 3 SAYE option schemes: Option Notifications: Assessment of penalties
- ETASSUM37110: Schedule 3 SAYE option schemes: Option Notifications: Appeals (paragraph 40K)
- Close sectionETASSUM38000: Schedule 3 SAYE option schemes: Taxation
- ETASSUM38010: Schedule 3 SAYE option schemes: Taxation: Introduction
- ETASSUM38020: Schedule 3 SAYE option schemes: Taxation: Income tax consequences for participants
- ETASSUM38030: Schedule 3 SAYE option schemes: Taxation: grant of share options - General
- ETASSUM38040: Schedule 3 SAYE option schemes: Taxation: Grant of share options - Schedule 3 SAYE option scheme
- ETASSUM38050: Schedule 3 SAYE option schemes: Taxation: Exercise of share options - General
- ETASSUM38060: Schedule 3 SAYE option schemes: Taxation: Exercise of share options - Schedule 3 SAYE option scheme
- ETASSUM38070: Schedule 3 SAYE option schemes: Taxation: Release, surrender, cancellation of share options - General
- ETASSUM38080: Schedule 3 SAYE option schemes: Taxation: Post-acquisition income tax consequences - General
- ETASSUM38090: Schedule 3 SAYE option schemes: Taxation: Disposal of shares - General
- ETASSUM38100: Schedule 3 SAYE option schemes: Taxation: Disposal of shares - Schedule 3 SAYE option scheme
- ETASSUM38110: Schedule 3 SAYE option schemes: Taxation: Non-residents and share options - General
- ETASSUM38120: Schedule 3 SAYE option schemes: Taxation: Tax consequences for the grantor of an option
- ETASSUM38130: Schedule 3 SAYE option schemes: Taxation: Companies - Cost of setting up a Schedule 3 SAYE option scheme
- ETASSUM38140: Schedule 3 SAYE option schemes: Taxation: Collection of tax
- Close sectionETASSUM39000: Schedule 3 SAYE option schemes: Supplementary and Defined terms
- ETASSUM39010: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Introduction
- ETASSUM39020: Schedule 3 SAYE option schemes: Supplementary and Defined terms: The scheme organiser
- ETASSUM39030: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Group schemes
- ETASSUM39040: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Jointly owned companies
- ETASSUM39050: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Associated company
- ETASSUM39060: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Minor definitions
- ETASSUM39070: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Index of defined terms
- ETASSUM39080: Supplementary and Defined terms: Scheme amendments flowchart
- ETASSUM39090: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE review document
- ETASSUM39100: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen scheme rules
- ETASSUM39110: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen letter of invitation
- ETASSUM39120: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen application
- ETASSUM39130: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen option certificate
- ETASSUM39140: Schedule 3 SAYE option schemes: Supplementary and Defined terms: Schedule 3 SAYE specimen notice of exercise
- Close sectionETASSUM30100: Schedule 3 Save As You Earn (SAYE) option scheme
- Close sectionETASSUM40000: Schedule 4 Company Share Option Plan (CSOP): contents
- Close sectionETASSUM40100: Schedule 4 Company Share Option Plan (CSOP)
- ETASSUM40110: Schedule 4 Company Share Option Plan (CSOP): Introduction
- ETASSUM40120: Schedule 4 Company Share Option Plan (CSOP): Grant of share options - legal considerations
- ETASSUM40130: Schedule 4 Company Share Option Plan (CSOP): Grant of share options - consideration
- ETASSUM40140: Schedule 4 Company Share Option Plan (CSOP): Grant of share options - whether rights are acquired
- Close sectionETASSUM41000: Schedule 4 Company Share Option Plan (CSOP): General requirements
- ETASSUM41100: Schedule 4 Company Share Option Plan (CSOP): General requirements: Introduction
- ETASSUM41110: Schedule 4 Company Share Option Plan (CSOP): General requirements: Main requirements & layout of the CSOP guidance
- ETASSUM41120: Schedule 4 Company Share Option Plan (CSOP): General requirements: Establishing a scheme
- ETASSUM41130: Schedule 4 Company Share Option Plan (CSOP): General requirements: Notification & registration
- ETASSUM41140: Schedule 4 Company Share Option Plan (CSOP): General requirements: Unacceptable features
- ETASSUM41150: Schedule 4 Company Share Option Plan (CSOP): General requirements: Cash features
- ETASSUM41160: Schedule 4 Company Share Option Plan (CSOP): General requirements: Advance payments of exercise price
- ETASSUM41170: Schedule 4 Company Share Option Plan (CSOP): General requirements: Parallel options
- ETASSUM41180: Schedule 4 Company Share Option Plan (CSOP): General: Limit on value of shares
- ETASSUM41190: Schedule 4 Company Share Option Plan (CSOP): General: Foreign currency shares
- ETASSUM41200: Schedule 4 Company Share Option Plan (CSOP): General requirements: Blue pencil provisions
- ETASSUM41210: Schedule 4 Company Share Option Plan (CSOP): General requirements: Market value
- ETASSUM41220: Schedule 4 Company Share Option Plan (CSOP): General requirements: Market value date
- ETASSUM41230: Schedule 4 Company Share Option Plan (CSOP): General requirements: Interaction with EMI
- Close sectionETASSUM42000: Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate
- Close sectionETASSUM43000: Schedule 4 Company Share Option Plan (CSOP): Shares to be used
- ETASSUM43100: Shares to be used: Introduction
- ETASSUM43110: Shares to be used: Scheme shares
- ETASSUM43120: Shares to be used: When requirements must be satisfied
- ETASSUM43130: Shares to be used: Status of the company and its share capital
- ETASSUM43140: Shares to be used: Control of the scheme company
- ETASSUM43150: Shares to be used: Control by a consortium
- ETASSUM43160: Shares to be used: Ordinary share capital
- ETASSUM43170: Shares to be used: Deferred shares
- ETASSUM43180: Shares to be used: Convertible preference shares
- ETASSUM43190: Shares to be used: Depository receipts (DRs)
- ETASSUM43200: Shares to be used: Swiss Bearer Participation Certificates (SBPCs)
- ETASSUM43210: Shares to be used: Permanent Interest Bearing Shares (PIBs)
- ETASSUM43220: Shares to be used: Company status
- ETASSUM43230: Shares to be used: Control by another company
- ETASSUM43240: Shares to be used: Recognised Stock Exchange (RSE)
- ETASSUM43250: Shares to be used: Close company
- ETASSUM43260: Shares to be used: fully paid-up and not redeemable
- ETASSUM43270: Shares to be used: Fully paid-up shares
- ETASSUM43280: Shares to be used: Not-redeemable shares
- ETASSUM43290: Shares to be used: Scheme shares subject to restrictions
- ETASSUM43300: Shares to be used: More than one class of share
- ETASSUM43310: Shares to be used: Employee control shares
- ETASSUM43320: Shares to be used: Open market test
- ETASSUM43330: Shares to be used: As a director or employee
- Close sectionETASSUM44000: Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options
- ETASSUM44100: Requirements relating to options: Introduction
- ETASSUM44110: Requirements relating to options: Price to be stated
- ETASSUM44120: Requirements relating to options: Terms of an option
- ETASSUM44130: Requirements relating to options: Market value (MV) of shares
- ETASSUM44140: Requirements relating to options: Shares included in the London Stock Exchange (LSE) daily official list
- ETASSUM44150: Requirements relating to options: AIM and other junior market listed shares
- ETASSUM44160: Requirements relating to options: Shares included on a Recognised Stock Exchange (RSE)
- ETASSUM44170: Requirements relating to options: Unlisted shares and shares not listed on any RSE
- ETASSUM44180: Requirements relating to options: MV to be agreed in advance of grant
- ETASSUM44190: Requirements relating to options: Date for which MV determined
- ETASSUM44200: Requirements relating to options: Flotations
- ETASSUM44210: Requirements relating to options: Variations of share capital
- ETASSUM44220: Requirements relating to options: Demergers
- ETASSUM44230: Requirements relating to options: Adjustments permitted
- ETASSUM44240: Requirements relating to options: Bonus issues
- ETASSUM44250: Requirements relating to options: Rights issues
- ETASSUM44260: Requirements relating to options: Adjusted price less than nominal value
- ETASSUM44270: Requirements relating to options: Non-transferability of options
- ETASSUM44280: Requirements relating to options: Performance conditions
- ETASSUM44290: Requirements relating to options: Alterations to performance conditions
- ETASSUM44300: Requirements relating to options: Death of option-holder
- ETASSUM44310: Requirements relating to options: Exercise of options on cessation of employment
- ETASSUM44320: Requirements relating to options: For injury
- ETASSUM44330: Requirements relating to options: For disability
- ETASSUM44340: Requirements relating to options: For redundancy
- ETASSUM44350: Requirements relating to options: For retirement
- ETASSUM44360: Requirements relating to options: Employment equality (age) regulations 2006
- ETASSUM44370: Requirements relating to options: For illness
- ETASSUM44380: Requirements relating to options: Cessation for other reasons
- ETASSUM44390: Requirements relating to options: Company discretion - leavers
- ETASSUM44400: Requirements relating to options - TUPE transfers and transfer of employing company out of the group
- ETASSUM44410: Requirements relating to options: Conditional exercise of options for corporate events
- ETASSUM44420: Requirements relating to options: Change of control
- ETASSUM44430: Requirements relating to options: Non-UK company reorganisation arrangement
- ETASSUM44440: Requirements relating to options: Exercise of options for company events
- ETASSUM44450: Requirements relating to options: Scheme of arrangement
- ETASSUM44460: Requirements relating to options: Bound or entitled
- ETASSUM44470: Requirements relating to options: Company discretion - General
- Close sectionETASSUM45000: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options
- ETASSUM45100: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Introduction
- ETASSUM45110: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Company reorganisation
- ETASSUM45120: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Rollover of options
- ETASSUM45130: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Scheme rules
- ETASSUM45140: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: When a rollover of options can take place
- ETASSUM45150: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Obtaining control by general offer
- ETASSUM45160: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Obtaining control by compromise or arrangement
- ETASSUM45170: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Obtaining control as a result of a non-UK company reorganisation
- ETASSUM45180: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Becoming bound or entitled
- ETASSUM45190: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Agreement of the acquiring company
- ETASSUM45200: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Appropriate period
- ETASSUM45210: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Equivalent options
- ETASSUM45220: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Exercise provisions of new options
- ETASSUM45230: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Number of shares subject to new options
- ETASSUM45240: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Acquisition price of new options
- ETASSUM45250: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: Income tax consequences
- ETASSUM45260: Schedule 4 Company Share Option Plan (CSOP): Exchange of share options: CGT consequences for the option holder
- Close sectionETASSUM46000: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries
- ETASSUM46100: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Notice of enquiry
- ETASSUM46110: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Information powers
- ETASSUM46120: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Closure of enquiry
- ETASSUM46130: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Completion of enquiry - application for closure notice
- ETASSUM46140: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Alterations
- ETASSUM46150: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: “Serious” and “Less Serious” error
- ETASSUM46160: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Assessment of penalties
- ETASSUM46170: Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Appeals
- Close sectionETASSUM47000: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms
- ETASSUM47100: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Introduction
- ETASSUM47110: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: The scheme organiser
- ETASSUM47120: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Group schemes
- ETASSUM47130: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Jointly owned companies
- ETASSUM47140: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Associated company
- ETASSUM47150: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Retirement
- ETASSUM47160: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Minor definitions
- ETASSUM47170: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Index of defined terms
- ETASSUM47180: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Scheme amendment flowchart
- ETASSUM47190: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP review document
- ETASSUM47200: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen scheme rules
- ETASSUM47210: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen invitation letter
- ETASSUM47220: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen application letter
- ETASSUM47230: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen option certificate
- ETASSUM47240: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: CSOP specimen notice of exercise
- ETASSUM47250: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Tax case - Burton Group
- ETASSUM47260: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Tax case - Eurocopy
- ETASSUM47270: Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: Tax case - Reed International
- Close sectionETASSUM48000: Company Share Option Plan (CSOP): Taxation
- ETASSUM48100: Company Share Option Plan (CSOP): Taxation: Introduction
- ETASSUM48110: Company Share Option Plan (CSOP): Taxation: Income tax consequences for participants
- ETASSUM48120: Company Share Option Plan (CSOP): Taxation: Grant of share options - general
- ETASSUM48130: Company Share Option Plan (CSOP): Taxation: Grant of share options - Schedule 4 CSOP schemes
- ETASSUM48140: Company Share Option Plan (CSOP): Taxation: Exercise of share options - general
- ETASSUM48150: Company Share Option Plan (CSOP): Taxation: Exercise of share options - Schedule 4 CSOP schemes
- ETASSUM48160: Company Share Option Plan (CSOP): Taxation: Release, surrender, cancellation of share options
- ETASSUM48170: Company Share Option Plan (CSOP): Taxation: Post-acquisition income tax consequences - general
- ETASSUM48180: Company Share Option Plan (CSOP): Taxation: Post-acquisition income tax consequences - Schedule 4 CSOP schemes
- ETASSUM48190: Company Share Option Plan (CSOP): Taxation: Disposal of shares - general
- ETASSUM48200: Company Share Option Plan (CSOP): Taxation: Disposal of shares - Schedule 4 CSOP schemes
- ETASSUM48210: Company Share Option Plan (CSOP): Taxation: Non-residents and share options - general
- ETASSUM48220: Company Share Option Plan (CSOP): Taxation: Non-residents and share options - Schedule 4 CSOP schemes
- ETASSUM48230: Company Share Option Plan (CSOP): Taxation: Tax consequences for the grantor of an option
- ETASSUM48240: Company Share Option Plan (CSOP): Taxation: Companies - cost of setting up a Schedule 4 CSOP scheme
- ETASSUM48250: Company Share Option Plan (CSOP): Taxation: Operation of PAYE
- ETASSUM48260: Company Share Option Plan (CSOP): Taxation: Withholding
- ETASSUM48270: Company Share Option Plan (CSOP): Taxation: Joint NIC elections and agreements
- ETASSUM48280: Company Share Option Plan (CSOP): Taxation: Readily Convertible Assets (RCA's)
- Close sectionETASSUM40100: Schedule 4 Company Share Option Plan (CSOP)
- Close sectionETASSUM50000: Enterprise Management Incentives (EMI): contents
- ETASSUM50100: Introduction
- Close sectionETASSUM51000: General requirements
- ETASSUM51010: General requirements: Purpose of granting options
- ETASSUM51020: General requirements: Maximum individual limit
- ETASSUM51030: General requirements: Inclusion of Schedule 4 CSOP options in individual limit
- ETASSUM51040: General requirements: Valuation of shares for individual limit
- ETASSUM51050: General requirements: Maximum entitlement - 3 year limit
- ETASSUM51060: General requirements: Maximum company limit
- ETASSUM51070: General Requirements: Parallel Options
- ETASSUM51080: General requirements: “Cashless exercise”
- Close sectionETASSUM52000: Qualifying companies
- ETASSUM52010: Enterprise Management Incentives (EMI): Qualifying companies: Introduction
- ETASSUM52020: Qualifying companies: Advance assurance that a company will qualify for EMI
- ETASSUM52030: Enterprise Management Incentives (EMI): Qualifying companies: Independence requirement
- ETASSUM52040: Enterprise Management Incentives (EMI): Qualifying companies: Qualifying subsidiaries
- ETASSUM52050: Enterprise Management Incentives (EMI): Qualifying companies: Qualifying property managing subsidiaries
- ETASSUM52060: Enterprise Management Incentives (EMI): Qualifying companies: Gross assets requirements
- ETASSUM52070: Enterprise Management Incentives (EMI): Qualifying companies: Number of employees requirement
- ETASSUM52080: Qualifying companies: Trading activities & UK permanent establishment requirement
- ETASSUM52090: Enterprise Management Incentives (EMI): Qualifying companies: Trading activities requirement for a parent company
- ETASSUM52100: Enterprise Management Incentives (EMI): Qualifying companies: Excluded activities
- ETASSUM52110: Enterprise Management Incentives (EMI): Excluded activities: Dealing in goods otherwise than in ordinary wholesale and retail distribution
- ETASSUM52120: Enterprise Management Incentives (EMI): Excluded activities: Leasing of certain ships
- ETASSUM52130: Enterprise Management Incentives (EMI): Excluded activities: Receipt of royalties or licence fees
- ETASSUM52140: Enterprise Management Incentives (EMI): Excluded activities: Property development
- ETASSUM52150: Enterprise Management Incentives (EMI): Excluded activities: Shipbuilding, coal and steel production
- ETASSUM52160: Enterprise Management Incentives (EMI): Excluded activities: Hotels and comparable establishments
- ETASSUM52170: Enterprise Management Incentives (EMI): Excluded activities: Nursing homes and residential care homes
- ETASSUM52180: Enterprise Management Incentives (EMI): Excluded activities: Provision of facilities for another business
- Close sectionETASSUM53000: Eligible employees
- ETASSUM53010: Enterprise Management Incentives (EMI): Eligible employees: Employment requirement
- ETASSUM53020: Eligible employees: Working time commitment
- ETASSUM53030: Eligible employees: Calculation of working time examples
- ETASSUM53040: Enterprise Management Incentives (EMI): Eligible employees: Material interest
- ETASSUM53050: Enterprise Management Incentives (EMI): Eligible employees: Material interest examples
- ETASSUM53060: Enterprise Management Incentives (EMI): Eligible employees: Material interest - meaning of associate
- Close sectionETASSUM54000: Requirements relating to options
- ETASSUM54010: Requirements relating to options: Type of shares that may be acquired
- ETASSUM54020: Requirements relating to options: Options capable of exercise within 10 years
- ETASSUM54030: Requirements relating to options: Terms of option to be agreed in writing
- ETASSUM54040: Requirements relating to options: Grant of option by deed
- ETASSUM54050: Requirements relating to options: Options not transferable
- ETASSUM54060: Requirements relating to options: Amendments to options
- ETASSUM54070: Requirements relating to options: Amendments to performance conditions
- ETASSUM54300: Discretion: contents
- Close sectionETASSUM55000: Company reorganisations
- ETASSUM55010: Enterprise Management Incentives (EMI): Company reorganisations: Meaning of company reorganisation
- ETASSUM55020: Enterprise Management Incentives (EMI): Company reorganisations: Meaning of qualifying exchange of shares
- ETASSUM55030: Company reorganisations: Grant of replacement options
- ETASSUM55040: Enterprise Management Incentives (EMI): Company reorganisations: Time limits for granting replacement options
- Close sectionETASSUM56000: Option notifications
- ETASSUM56010: Option notifications: Registration & notice of grant of option to HMRC
- ETASSUM56020: Option notifications: Notifying Errors in options to HMRC
- ETASSUM56030: Option notifications: Annual returns
- ETASSUM56040: Option notifications: Annual returns - Self assessment
- ETASSUM56050: Option notifications: Annual returns - Electronic filing
- ETASSUM56060: Option notifications: Annual returns - Amended returns
- ETASSUM56070: Option notifications: Annual returns - Penalties for late filing
- ETASSUM56080: Option notifications: Annual returns - Appeals
- ETASSUM56090: Option notifications: Annual returns - Termination condition
- ETASSUM56100: Option notifications: Compliance with time limits
- ETASSUM56110: Option notifications: Notice of enquiry
- ETASSUM56120: Option notifications: Completion of enquiry - Application for closure notice
- ETASSUM56130: Option notifications: Completion of enquiry - closure notice
- ETASSUM56140: Option notifications: Appeals
- Close sectionETASSUM57000: Taxation of EMI options
- ETASSUM57010: Taxation of EMI options: Tax advantages of EMI options
- ETASSUM57020: Taxation of EMI options: Taxable exercises of EMI options
- ETASSUM57030: Taxation of EMI options: Charge on the exercise of discounted options
- ETASSUM57040: Taxation of EMI options: Charge on the exercise of an option where the shares are free
- ETASSUM57050: Taxation of EMI options: Tax consequences of exercise of an option following a disqualifying event
- ETASSUM57060: Taxation of EMI options: Charge on exercise of an option following a disqualifying event
- ETASSUM57070: Taxation of EMI options: Charge on exercise of a discounted option following a disqualifying event
- ETASSUM57080: Taxation of EMI options: Disqualifying events relating to the relevant company
- ETASSUM57090: Taxation of EMI options: Disqualifying events relating to an employee
- ETASSUM57100: Taxation of EMI options: Disqualifying events - varying the terms of the option
- ETASSUM57110: Taxation of EMI options: Disqualifying events - alterations of share capital
- ETASSUM57120: Taxation of EMI options: Disqualifying events - share conversions
- ETASSUM57130: Taxation of EMI options: Disqualifying events - grant of a Schedule 4 CSOP option
- ETASSUM57140: Taxation of EMI options: Options over restricted shares
- ETASSUM57150: Taxation of EMI options: Section 431 election - effect of election for restrictions to be ignored
- ETASSUM57160: Taxation of EMI options: Effect of section 431 election on discounted options over restricted shares - example
- ETASSUM57170: Taxation of EMI options: Other events triggering an income tax charge
- ETASSUM57180: Taxation of EMI options: National Insurance
- ETASSUM57190: Taxation of EMI options: Capital Gains Tax
- ETASSUM57200: Taxation of EMI options: Capital Gains Tax - example
- ETASSUM57210: Taxation of EMI options: Corporation Tax
- Close sectionETASSUM58000: Supplementary and Definitions
- ETASSUM58010: Enterprise Management Incentives (EMI): Supplementary and Definitions: Market value of shares
- ETASSUM58020: Enterprise Management Incentives (EMI): Supplementary and Definitions: Determination of market value
- ETASSUM58030: Enterprise Management Incentives (EMI): Supplementary and Definitions: Appeals against determination of market value