| 1 | Disguised remuneration tax rules and employee share plans ... This quick guide summarises the problems for employee share plans, employee benefit trusts and other remuneration arrangements that may be caused (from 6 April 2011) by anti-avoidance legislation targeting "disguised remuneration". This has been enacted as Part 7A of the Income Tax (Earnings and Pensions) Act 2003, introduced by Finance Act 2011. | Practice note: overview | Maintained |
| 2 | Employee benefit trusts (EBTs): guide to EBT content and ... A guide to materials on employee benefit trusts (EBTs) on PLC Share Schemes & Incentives. | Practice note: overview | Maintained |
| 3 | Employee benefit trusts: an overview An overview of some of the common uses of employee benefit trusts (EBTs) and the technical and practical issues involved in their operation. | Practice note: overview | Maintained |
| 4 | Joint ownership arrangements: an overview Joint ownership arrangements (also known as joint share ownership plans, jointly owned equity and shared growth plans), are a type of share incentive arrangement that are most commonly used for executives. They involve joint acquisition of shares between two co-owners. This note gives an overview of the nature and structure of a joint ownership arrangement, as well as its tax treatment. | Practice note: overview | Maintained |
| 5 | Perpetuities and trusts: overview A note explaining what the rule against perpetuities is and how it applies to trusts. It covers the common law rules, the Perpetuities and Accumulations Act 2009, the Perpetuities and Accumulations Act 1964 and the Law of Property Act 1925. It links to detailed notes on how to apply the rule in common trust situations. | Practice note: overview | Maintained |
| 6 | Setting up an employee benefit trust: an overview An overview of the steps to set up an employee benefit trust (EBT) and the main practical issues to consider before setting up an EBT. The topics covered include selecting a trustee, the trust deed and ancillary documents, close company tax issues, funding, financial assistance and section 218 notices. | Practice note: overview | Maintained |
| 7 | ABI remuneration principles: employee benefit trusts The Association of British Insurers publishes remuneration guidelines, which include guidance for share-based incentive schemes. This note considers the underlying principles of these guidelines and examines in particular the guidelines relating to employee benefit trusts (employee share ownership trusts). | Practice notes | Maintained |
| 8 | Disguised remuneration rules (Part 7A, ITEPA 2003) ... A practice note tracking the progress of Part 7A (employment income provided through third parties) of the Income Tax (Earnings and Pensions) Act 2003 and associated legislation and guidance, and bringing together all the PLC Share Schemes & Incentives resources on Part 7A. The legislation was introduced by Finance Act 2011 and applies in full from 6 April 2011. It is widely referred to as the disguised remuneration legislation, as this was the term used in the original consultation draft (though it is not in the legislation as enacted). | Practice notes | Maintained |
| 9 | Disguised remuneration tax legislation (Part 7A of ITEPA 2003 ... Part 7A of Income Tax (Earnings and Pensions) Act 2003 counters tax avoidance using employee benefit trusts and other intermediaries to reward employees or their family members, but is very broadly drafted. This note considers the scope of the legislation, HMRC's guidance about it and how it applies in practice, and highlights some practical difficulties it may cause for share and bonus schemes which are not avoidance schemes. | Practice notes | Maintained |
| 10 | Employee benefit trusts: concert party clearance from the ... The proposed acquisition of shares by an employee benefit trust raises many questions. This note focusses on the potential need to consult the Takeover Panel to determine whether the trustees are acting in concert for the purposes of the Takeover Code. | Practice notes | Maintained |
| 11 | Employee benefit trusts: section 218 IHTA notices Professional advisers are required to notify HMRC of the creation of an offshore trust by a UK-resident settlor. This practice note looks at the requirements of section 218 of the Inheritance Tax Act 1984 and some of the practical issues that can arise for advisers. | Practice notes | Maintained |
| 12 | Employee share schemes: loans to employees and directors ... An overview of the application of the Consumer Credit Act 1974 to loans to employees or directors made or arranged by the company in the context of an employee share scheme. | Practice notes | Maintained |
| 13 | Flowchart: Companies with limited or no distributable reserves This note explains why companies may need to take into account the size of their distributable profits when planning or running a share scheme. A flowchart illustrates methods of sourcing shares for share schemes for companies with limited or no distributable reserves. | Practice notes | Maintained |
| 14 | Funding employee benefit trusts: financial assistance, UITF ... Companies often establish an employee benefit trust (EBT) to satisfy employee share options and awards. Funding an EBT to acquire shares can cause difficulties for public companies under the company law financial assistance rules. This practice note sets out the issues and some possible solutions. | Practice notes | Maintained |
| 15 | Tax and accounting implications of funding an employee ... To satisfy share awards under employee share schemes of various types, companies may fund an EBT to enable it to purchase shares. EBTs are widely used by quoted companies to purchase shares in the market which will be used to satisfy long-term incentive plan awards or share options. Private companies may also use them to support the operation of their employee share schemes. This practice note is a brief explanation of the tax and accounting implications of funding an EBT. | Practice notes | Maintained |
| 16 | Trusts in commercial transactions The trust is widely admired and recognised in many jurisdictions around the world. Although primarily used by individuals, they also have a wide variety of applications in a commercial context. This practice note provides an introduction to trusts and trustees and considers some commercial applications of trusts. | Practice notes | Maintained |