Employment-Related Securities and Unlisted Companies

Description

A book such as this has been needed since the current rules on UK employment-related securities were introduced in the Finance Act 2003. Other works deal with tax-advantaged share and share option schemes, but such schemes are typically of interest to the larger company. This book is written with unlisted, mainly private companies in mind and so, with one exception, deals with employee share acquisitions, which do not benefit from any special tax advantages. The exception is the Enterprise Management Incentives (EMI) share option scheme, which is mainly for unlisted companies and, therefore, is covered in this book. The vast majority of UK companies registered at Companies House are owner-managed private companies. The employment-related securities (ERS) regime applies to all shares owned by directors or employees in the company or group they work for, with few exceptions. Therefore, this book will be of importance for all shareholder-directors, for employees of such companies, and for their professional advisers. Often, the tax implications of the ERS rules are not onerous, but sometimes result in an income tax charge for the employee, and the company may also be obliged to pay PAYE and the UK's National Insurance Contributions. It has been the case for many years that if a director or employee acquires shares free or for less than they are worth, they are liable to income tax on the difference. The book explains how the rules for taxing such share awards work, including the rules for non-HM Revenue and Customs approved share options and for options qualifying under EMI. Chapters also deal with capital gains tax aspects of shares and share options, the PAYE and national insurance implications, and the corporation tax deduction, which may be claimed by the company.

Get the book

Amazon.com

Search the book

eBay.com

Search the book

Other editions

• 

  Employment-Related Securities and Unlisted Companies: Third edition

  • 2017-09-11
  • 408 pages
  • Ebook
  • Spiramus Press Ltd

Similar books

• 

  Employment-related Securities and Unlisted Companies

  By Ken Moody

  This book explains the tax implications of employee share awards by private companies in the UK, including completion of Form 42, restricted securities, share options (approved and unapproved), Capital Gains Tax and Pay As You Earn ...

• 

  Employment Related Securities and Unlisted Companies: Fourth Edition

  By Ken Moody

  ... private companies in particular) may not, as a matter of fact, be acquired by reason of employment. For example, if an unincorporated trader transfers his business ... employment-related securities 2.6.1 By reason of employment.

• 

  Tax Aspects of the Purchase and Sale of a Private Company's Shares

  By Hammonds Llp

  ... charge (SAAC) company pension contributions, and, 7.8.1 Spreading disposal pre-sale tax planning (individuals), and, ... tax planning (companies), and, 8.7.2.2 purchase by company of its own shares, and, 14.6.2 Stamp duty land tax ...

• 

  Tax Aspects of the Purchase and Sale of a Private Company's Shares

  By Mark Simpson, Patrick Ford, Sarah Nicholson

  ... charge (SAAC) company pension contributions, and, 7.8.1 Spreading disposal pre-sale tax planning (individuals), and, ... tax planning (companies), and, 8.7.2.2 purchase by company of its own shares, and, 14.6.2 Stamp duty land tax ...

• 

  Tax Aspects of the Purchase and Sale of a Private Company's Shares

  By Squire Patton Boggs

  This indispensable guide is essential reading for accountants, lawyers, tax practitioners, directors, shareholders, potential investors, corporate financiers, company secretaries and all those professionals involved in tax, merger and ...

• 

  Private Equity: Oral and Written Evidence, Tuesday 11 December 2007, Witness: Sir David Walker

  By Great Britain. Parliament. House of Commons. Treasury Committee

  Memorandum from Professor Mike Wright and Andrew Burrows , Centre for Management Buy - out Research , Nottingham University Business School EXECUTIVE SUMMARY This memorandum responds to the call by the Treasury Select Committee for ...

• 

  Tax Aspects of the Purchase and Sale of a Private Company's Shares

  By Squire Patton Boggs

  This 24th edition ties together in one informative book the ever-increasing UK legislation, case-law, and extra-statutory material that tax advisers need to be aware of when purchasing and selling shares in private companies in the UK. ...

• 

  Tolley's Guide to Employee Share Schemes

  By David Craddock

  This indispensable guide is written in a clear, practical style and includes worked examples and case studies throughout.Key topics include:* Employee Share Schemes in an economic downturn* 'Underwater Options'* Changes to the participation ...

• 

  Valuation of Unlisted Direct Investment Equity

  By Jannick Damgaard, Thomas Elkjaer, Emmanuel O. Kumah

  The results show that the price-to-book value method generates more robust market value estimates than the price-to-earnings method.

• 

  Employee Stock Options (ESO): Tax Treatment and Tax Issues

  By James M. Bickley

  This report explains the "book-tax gap" as it relates to ESO and S. 2075. U.S. bus. are subject to a dual reporting system. The "book-tax" gap is the excess of reported accounting income over taxable income. Illus. A print on demand report.