– see also Share schemes

ABI guidelines

Anti-avoidance

Approved schemes

2012/2013 developments

Overview

Recent legislation

Take-up figures

Artificially adjusted values

Bonus issues

Capital gains tax

Generally

Material interest threshold

Unapproved arrangements

Charge to tax

Chargeable gains

Consideration for acquisition/provision

Exercise of option

Generally

Grant of an option

Identification of securities

Choosing a share scheme

Co-operative Insurance Society, seven deadly sins

Company share option plans

Generally

Computation of gains and losses

Convertible securities

Corporation tax deduction

Amount and timing of relief

Conditions for relief

Employee share ownership trusts

Foreign branch exemption regime

Generally

Shares subject to forfeiture

Statutory relief

Transfer of business

Deemed earnings

Exclusions

Generally

Designing a share scheme

Disposal of shares for more than market value

Earn-outs

– see Earn-outs

Employee aspects

Avoiding disasters

Bad leaver provisions

Cashless exercise

Company sales

Differentiation between different employees/classes of employees

Generally

Good-leaver provisions

Loans

Lock-in period

Market for shares

Motivation

National Insurance liabilities

Nature of shares

Potential holding

Readily convertible shares and securities

Rights attaching to shares

Taxation liabilities

Termination of employment

Understanding rights and obligations

Underwater options

Worldwide arrangements

Employee share ownership plans

Employee share trusts

Employee shareholder shares

Generally

Employment-related securities

Enterprise management incentives

Generally

Exercise of options pre-10 April 2003

Generally

Implementation checklist

Institutional guidelines

Inter-spouse transfers

Interest

Joint share ownership plans

Large companies, implementation checklist

Market value rule

Money laundering

National Insurance contributions

Notional loans to buy shares

Overview

Partly-paid shares

PAYE

Accounting for tax

Application

Benefit in kind charge

Chargeable events

Direct securities acquisitions

Disguised remuneration provisions, interaction with

Double charge

Enhancing value of asset

Example

Generally

Grey areas

Liability

National Insurance contributions, interaction with

Readily convertible asset, meaning

Real time information

Securities options

Phantom share schemes

Post-acquisition benefits

Pre-10 April 2003 options

Proceeds of crime

Profit sharing schemes

Ratchets

Readily convertible shares and securities

Registration requirements

Reorganisations of share capital

Research institution spin out companies

Residence and non-residents

Arrival and departure

Double taxation treaties

Foreign securities income

General earnings and specific employment income, distinction between

Generally

National Insurance contributions

PAYE

Split-year treatment

Taxable specific income

Year of arrival/departure

Restricted securities

Benefits

Chargeable events

Generally

Returns

Generally

Retrospective anti-avoidance changes

Savings-related schemes

Savings-related share options

Securities acquired nil-paid or partly-paid

Acquisition

Disposal

Share incentive plans

Changes from FA 2013

Generally

Retirement rules

Share option scheme shares

Small companies, implementation checklist

Take-up figures

Tax-advantaged share option schemes

Registration and self-certification

Taxed securities options

Unapproved schemes

Generally

Joint Share Ownership Plans

Underwater options