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‘Quick response’ trial for tax-advantaged share schemes

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HMRC worked with members of its Employment Related Securities Forum to design the arrangement

A ‘quick HMRC response’ arrangement for certain enquiries relating to tax-advantaged share schemes was launched on Monday.

‘HMRC is aware that customers sometimes need a quick response,’ the department said in its latest Employment-Related Shares & Securities Bulletin. The trial will run for four months.

HMRC will only respond on a ‘quick response’ basis if the query is sent by email, HMRC is satisfied that it is ‘capable of being dealt with quickly’, and it 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.
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