Having read the preceding explanations, both employers and employees may be in danger of failing to see the wood for the trees. The following sections give examples of situations within PAYE and those outside it.
In the case of shares, PAYE will or should normally apply to any of the following situations:
•the shares are quoted on any investment or Stock Exchange;
•there is another market for the shares such as the Alternative Investment Market (AIM);
•there is an imminent listing on such an Exchange or market;
•the imminent sale of the company whose shares have been acquired;
•arrangements for the repurchase of the shares by the company;