Michael Ingle of Baker & McKenzie LLP's London Employee Benefits Group considers HMRC's recently issued Bulletin on NICs on share benefits for internationally mobile employees
HMRC issued a Tax Bulletin Special Edition — 2005 in May of this year which summarises its interpretation of the law relating to NICs liability on shares and other securities provided to internationally mobile employees. Despite its considerable length this Bulletin deserves close attention for a number of reasons.
● Firstly it provides a very useful outline of the circumstances in which NICs are payable in relation to share options and share awards provided to mobile employees incorporating a large number of pertinent examples that also deal with the income tax and capital gains tax aspects.
● Secondly...
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Michael Ingle of Baker & McKenzie LLP's London Employee Benefits Group considers HMRC's recently issued Bulletin on NICs on share benefits for internationally mobile employees
HMRC issued a Tax Bulletin Special Edition — 2005 in May of this year which summarises its interpretation of the law relating to NICs liability on shares and other securities provided to internationally mobile employees. Despite its considerable length this Bulletin deserves close attention for a number of reasons.
● Firstly it provides a very useful outline of the circumstances in which NICs are payable in relation to share options and share awards provided to mobile employees incorporating a large number of pertinent examples that also deal with the income tax and capital gains tax aspects.
● Secondly...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
