QCA Response to HMRC - Office of Tax Simplification review of unapproved share schemes: Marketable Security

7th October 2014

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Our Share Schemes Expert Group contributed to our response to the HMRC Consultation: Office of Tax Simplification review of unapproved share schemes: Marketable Security. We supported the concept of deferring the liability until a time when the participating employee receiving the employment related security (and potentially the employing company) is better able to meet the cost as proposed by the Office of Tax Simplification. However, we noted that the proposals add complexity and require more detailed review and amendment to become effective. We also noted that shares in ‘fully listed’ quoted companies should not be treated as automatically marketable securities.

Click here to download the response (pdf)

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