Income Tax

Income tax charges occasionally arise following the issue of shares or options to employees as part of their remuneration package. The Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) introduced significant changes to the legislation in this area and provided employees with a degree of choice regarding the tax treatment of their shares.

• Assisting clients in designing and implementing tax efficient compensation schemes.

• Providing advice regarding the choices available to employees under ITEPA 2003, enabling them to select the treatment which is likely to be most tax efficient.

• Providing valuations under a variety of suggested schemes which include different vesting periods and restrictions to enable our clients to implement their favoured scenario.

• Negotiating and agreeing the value with the Inland Revenue.