Jeremy Edwards and Laura McDonald of Allen & Overy's Global Benefits Group summarise how the NICs legislation impacts on employee share plans that are not Inland Revenue approved
The NIC implications have become key for companies operating employee share plans because of the liabilities to employer's NICs that may arise.
The Importance Of NICs
The impact of employer's NICs
For the 2003/2004 tax year employer's NICs are payable at a rate of 12.8% of the chargeable amount. As the liability to employer's NICs is uncapped the potential liability to employer's NICs arising from employee share incentives is a significant issue for a company. Because the ultimate liability is...
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Jeremy Edwards and Laura McDonald of Allen & Overy's Global Benefits Group summarise how the NICs legislation impacts on employee share plans that are not Inland Revenue approved
The NIC implications have become key for companies operating employee share plans because of the liabilities to employer's NICs that may arise.
The Importance Of NICs
The impact of employer's NICs
For the 2003/2004 tax year employer's NICs are payable at a rate of 12.8% of the chargeable amount. As the liability to employer's NICs is uncapped the potential liability to employer's NICs arising from employee share incentives is a significant issue for a company. Because the ultimate liability is...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
