Jeremy Edwards

This Practice Note sets out some Frequently Asked Questions which practitioners and companies have raised with HMRC in relation to the registration and online annual return filing processes that were introduced by the Finance Act 2014. This Practice Note is written in partnership with Jeremy Edwards and Gill Murdoch of Baker McKenzie LLP.

This Practice Note has been archived and is not maintained. This Practice Note examines the impact that Brexit and the upcoming end of the transition period on 31 December 2020 will have on various aspects of share schemes. This Practice Note is produced in partnership with Jeremy Edwards and Gill Murdoch of Baker McKenzie LLP

This Practice Note discusses the taxation of internationally mobile employees (IMEs) and directors in relation to employment-related securities charged to tax within Part 7 of the Income Tax (Earnings and Pensions) Act 2003. It focuses on both the income tax and National Insurance contributions implications in these circumstances. This Practice Note is written in partnership with Jeremy Edwards and Gillian Murdoch of Baker Mackenzie.

This Practice Note discusses the taxation of internationally mobile employees (IMEs) and directors in relation to securities options charged to tax within Chapter 5 of Part 7 of the Income Tax (Earnings and Pensions) Act 2003. It focuses on both the income tax and National Insurance contributions implications in these circumstances. This Practice Note is written in partnership with Jeremy Edwards and Gillian Murdoch of Baker McKenzie.

This Practice Note discusses some of the key potential benefits and issues that a company should consider when deciding whether to implement a long-term incentive plan (LTIP).

This Practice Note provides a general overview of the current capital gains tax (CGT) consequences for UK resident employees who have been granted awards under a long-term incentive plan (LTIP).

The long-term incentive plan (LTIP) is commonly set up as an umbrella plan, under which different types of awards can be made. This Practice Note provides an overview of the income tax and National Insurance contributions treatment of the main types of LTIP awards granted to UK employees.

ARCHIVED: This archived Practice Note provides background reading of the short form prospectus requirements which were relevant for an offer of listed shares to employees in the UK before the Prospectus Regulation (EU) 2017/1129 became fully effective in Member States on 21 July 2019. After this date, the employee share exemption from the prospectus requirements—which previously only applied to companies with their head office or registered office in the EU or companies established outside the EU with transferable securities admitted to trading in the EU—now applies to all companies, provided that they make available a simple disclosure document. As a result of this, it is unlikely that a company will now need to issue a short form prospectus as it is easier to comply with the employee share exemption. This Practice Note is written in partnership with Jeremy Edwards of Baker & McKenzie.

This Practice Note introduces the types of awards that may be granted under a long-term incentive plan (LTIP), the constraints on LTIP provisions, the principal documentation and the types of key provisions commonly seen in an LTIP.

This Practice Note examines the circumstances in which an overseas company should implement a UK specific sub-plan for option grants to its UK employees. The design and common provisions for a sub-plan are considered, as well as the different approaches to be used depending upon whether the UK option grants are intended to receive tax favourable status.

This Practice Note introduces the concept of a long-term incentive plan (LTIP). It introduces the types of awards typically granted pursuant to an LTIP and typical conditions attaching to such awards. Finally the Practice Note highlights the main distinction between UK and US LTIPs and explains why employee benefit trusts are often used to facilitate the administration of LTIPs.

This Practice Note explores the circumstances in which a company would need to publish a prospectus in the UK when implementing an employee share plan in the UK, the position with respect to various types of employee share awards and share options and the exemptions that may be available.