Employment-Related Securities Manual: Main Contents


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This manual contains guidance on the taxation and NICs treatment of securities (which includes shares and options over securities), which are used to remunerate employees, including directors. These are referred to as employment-related securities and options.

This guidance manual is an updated version of material previously in the Share Schemes Manual and is being released in stages. From this main contents page, you will only be able to link to those sections which have already been published.

Further guidance scheduled for publication in 2008:

  • Expanded guidance on:
the scope of the legislation and definitions

securities options
  • Further additions to the new International section
  • Further guidance and/or links regarding approved schemes

Table of Contents

ERSM10000Introduction
ERSM20000Scope of the Legislation and Definitions
ERSM30000Restricted Securities
ERSM40000Convertible Securities
ERSM50000Securities with Artificially Depressed Market Value
ERSM60000Securities with Artificially Enhanced Market Value
ERSM70000Securities acquired for less than Market Value
ERSM80000Securities disposed of for more than Market Value
ERSM90000Post-acquisition benefits from Securities
ERSM100000University Spin-outs
ERSM110000Securities Options
ERSM140000Reporting Requirements – Form 42
ERSM160000International
ERSM170000PAYE & NICs including NIC elections
ERSM180000CGT interface
ERSM190000Employer interface
ERSM200000Public Offer - Priority Share Allocations
ERSM210000Disclosure Rules
ERSM220000Valuation issues
ERSM300000Introduction to tax advantaged schemes
ERSM310000Company Share Option Plan (CSOP)
ERSM320000Save as You Earn (SAYE)
ERSM330000Share Incentive Plan (SIP)
ERSM340000Enterprise Management Incentives (EMI)
ERSM500000Legislation

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