Although the 2015 Budget contained no new announcements that will materially impact Employee Incentives arrangements, it is worth highlighting some of the legislative changes previously announced that will soon be enacted, or which are now becoming particularly relevant.
If you have any questions in relation to anything below, or Employee Incentives generally, please contact our Employee Incentives team.
Internationally Mobile Employees
Position before 6 April 2015
Presently, the way that the UK taxes share options held by internationally mobile employees is out of step with the majority of other countries. While the rules are complex, the most determinative factor is whether an employee is UK resident at the time an option is granted. If they are, then on exercise of the option it will be subject to tax in the UK. If they are not, then the exercise of the option may not trigger tax in the UK. (However, this basic position may … Continue Reading ››
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