Archives: Share incentive plans

Subscribe to Share incentive plans RSS Feed

French social contribution refund for unvested free shares?

In Société Orange (decision QPC 28-4-2017 n°2017-627/628), the French Constitutional Council has ruled that the refusal of the tax authorities to reimburse an employer company’s compulsory social security contributions, made in respect of the grant of conditional bonus (or free) shares where the conditions are not subsequently met (such that the shares never vest), was … Continue Reading

Filing deadline for UK share plans is fast approaching!

Just a quick reminder that the deadline for making annual returns for UK share schemes relating to the 2015/2016 tax year is 6 July 2016.  For tax-advantaged share schemes: share incentive plans (otherwise known as SIPs); company share option plans (CSOPs); savings-related share option schemes (SAYE/Sharesave); and Enterprise Management Incentives (EMI), if a new scheme … Continue Reading

New dealing rules for executives of UK quoted companies: implications for share plans

The EU Market Abuse Regulation (MAR), which contains new rules about dealing in shares by directors and “persons discharging managerial responsibilities” (PDMRs), will come into force on 3 July 2016.  Unlike the current rules, which are different for companies on the full list and those on AIM, the MAR will apply to all quoted companies. … Continue Reading

New Aussie rules favour share schemes

On 1 July 2015 some important changes were made to the taxation of employee share schemes in Australia which will make employee option schemes more attractive for employees, particularly where the company qualifies as an eligible start-up. For all employee option schemes there is the possibility of deferring the taxing point until exercise of the … Continue Reading

Happy new (UK tax) year! – action required for all share incentive plans

In several posts last year, we charted the development of the new HMRC rules for the online registering, self-certifying and making of annual returns for share plans, and indeed all arrangements under which employees receive shares. Now the dust has settled, the teething troubles have been ironed out and the templates for the new “end-of-year” returns … Continue Reading

Clawback and HMRC v Martin – where are we now?

As the dust settles on the eagerly awaited HMRC v Martin decision (see our previous blog post), thoughts are inevitably turning to how that decision impacts on an employer’s approach to clawback payments, particularly in the world of variable remuneration. Whilst the judge in the Martin decision was clear that his conclusion turned on the … Continue Reading

The brave new world of “simplified” employee share plans

The parts of the UK Finance Bill relating to share plans came into force yesterday, finally implementing many of the recommendations of the Office of Tax Simplification in this area. The main thrust of the new regime is online registration and self-certification of plans and filing of annual returns, of which more details are given in … Continue Reading

Self-certification of UK tax-advantaged share plans: HMRC muddies the waters

With the 6 April start date for the new self-certification regime for HMRC-approved share plans fast approaching, HMRC have published some helpful amendments to the proposed legislation but have also published new provisions that require further clarification.  Questions remain on how both existing and new plans will be affected.  For more details, read our alert. … Continue Reading

UK Finance Bill 2014: practical points for share schemes

The draft Finance Bill for 2014 was published yesterday.  Of the 673 pages of draft legislation and explanatory notes, more than 120 pages dealt with employee shares schemes, employee ownership and related issues.  To prove that tax doesn’t have to be taxing, we have done the hard work for you and distilled down your “need-to-knows”.… Continue Reading

A small early present from Uncle George – share schemes aspects of the UK Autumn Statement

There wasn’t a great deal in the Chancellor George Osborne’s Autumn Statement to do with employee share schemes that we hadn’t heard about already. However, there was one unexpected gift – an increase in the limits on the contributions that can be made to SAYE (Sharesave) schemes and share incentive plans (SIPs).  That said, for … Continue Reading
LexBlog