12 December 2012
The fifth employment-Related Shares & Securities Bulletin has been published which provides information and updates on developments relating to employment-related securities, including the tax-advantaged employee share schemes.
This edition of the bulletin provides information on:
Autumn 2012 statement – changes to tax-advantaged employee share schemes
Changes to guidance on tax-advantaged employee share schemes
SAYE seven year contracts.
EMPLOYMENT-RELATED SHARES & SECURITIES BULLETIN
14 January 2013
The sixth Employment-related shares & securities Bulletin has been published and is available for your perusal.
The Bulletin provides information and updates on developments relating to employment- related securities, including the tax-advantaged employee share schemes. Bulletin number six includes details of a trial which HMRC is running for four months as from 14th January 2013 which aims help HMRC to assess whether a ‘quick HMRC response’ arrangement for certain enquiries could be rolled out on a permanent basis.
The trial design is the result of work carried out between HMRC and members of the ERS Forum Tax Advantaged Share Schemes Sub-Group. The terms of the trial are:
HMRC will only respond to queries on a ‘quick response’ basis if it is satisfied that the query is capable of being dealt with quickly and relates to one of the following: a variation of share capital; an alteration to an identified key feature; a company reorganisation; other circumstances in which HMRC is satisfied that a quick response can be made and is required. HMRC will only respond to queries using this arrangement if all the necessary information is submitted with the query; A query will not be eligible for this arrangement if it takes HMRC more than one hour to deal with; HMRC will respond to queries under this arrangement within 7 working days of the date of receipt; Customers will be advised by email within the same timeframe where an enquiry is not eligible for this arrangement, and these enquiries will be dealt with in order of date of receipt to the normal timescales; HMRC will not enter into correspondence on the question of whether any enquiry is eligible for this arrangement; The trial may be suspended at any point if HMRC is unable to continue with it. If the arrangement is suspended, customers will be advised via email automated response. The response will indicate why it has been necessary to suspend the arrangement and when it is expected to be reinstated.
The Bulletin also includes full details of the requirements that queries must meet in order to be included within the trial. The outcomes from the trail will be reported in September 2013.
CIPP Policy News Journal
12/04/2013, Page 156 of 362
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