Consultation outcome

Office of Tax Simplification review of unapproved share schemes: marketable security

• From: HM Revenue & Customs
• Published: 17 July 2014
• Last updated: 10 December 2014 — See all updates

This consultation has concluded

Read the full outcome

Consultation: Office of Tax Simplification review of unapproved share schemes: Marketable Security - Summary of Responses

PDF, 308 KB, 12 pages

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Detail of outcome

The response document sets out the government’s response to the consultation document published below. The responses received are summarised and a full list of respondents is included, but where appropriate the names and personal or commercially sensitive information has been redacted. The government has heard the concerns voiced during the consultation and is grateful for the constructive and informative suggestions it received.

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Original consultation

Summary

The Office of Tax Simplification (OTS) has recommended that the Government introduce the concept of the ‘marketable security’ into the tax rules for employment-related securities.

This consultation ran from
3pm on 17 July 2014 to 5pm on 10 October 2014

Consultation description

The OTS proposal on the ‘marketable security’ would involve significant change to the taxation of employment related securities (ERS). Broadly, individuals would be able to choose whether the tax charge on ERS arises at the time they are acquired or, if different, at the time at which they can be sold for cash (when they become ‘marketable’).

This consultation is designed to explore areas in which the Government believes that further discussion on this OTS proposal, and further evidence of the potential impact, would be helpful to its consideration of whether to proceed with any changes.

Documents

Consultation: Office of Tax Simplification review of unapproved share schemes: Marketable Security

PDF, 385 KB, 22 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 17 July 2014
Last updated 10 December 2014 + show all updates

1. 10 December 2014

   Response document published.

2. 17 July 2014

   First published.