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SIP
Share Schemes – Updated Forms for Year Ending 05 April 2013
HMRC have made available the annual share scheme return forms for the tax year ended 05 April 2013: Save As You Earn (SAYE) – Form 34 Company Share Option Plan (CSOP) – Form 35 Share Incentive Plan (SIP) – Form 39 Enterprise Management Initiatives (EMI) – Form 40 Employment-related Securities – Form 42 Further Information [...]
Approved Profit Sharing Schemes (APSS)
In its Employment-Related Shares and Securities Bulletin Number 3, HMRC advise that they are proposing to close down any specialist PAYE schemes which were established to handle Approved Profit Sharing Schemes (APSS). These will be converted to standard PAYE schemes. The APSS were phased out with the introduction of the Share Incentive Plan (SIP) in [...]
Consultation on Employee Share Schemes
On 06 March 2012, the Office of Tax Simplification (OTS) issued a report to the Chancellor of the Exchequer on Tax Advantaged Share Schemes (TASS). There are four types of TASS: Company Share Option Plans (CSOP) Save As You Earn (SAYE) Share Incentive Plans (SIP) EnterpriseManagement Initiatives (EMI) The OTS recommended a review of the [...]
OTS – Review of Tax Advantaged Employee Share Schemes
On 06 March 2012, the OTS (Office of Tax Simplification) put forward its recommendations to the Chancellor of the Exchequer ahead of his Budget and issued its final report on tax advantaged share schemes (TASS). There are four types of TASS: Company Share Option Plans (CSOP) These are HMRC-approved schemes where an employer may grant [...]
