Published on 12 Mar 2008 • England, United Kingdom, Wales
HMRC have announced new, immediately effective anti-avoidance measures to make it clear that various deductions and reliefs for amounts that were, on a previous occasion, earnings in relation to a particular share incentive award cannot be claimed for earnings that were exempt from tax.
This development will only be relevant to advisers and taxpayers who noticed, and wanted to exploit, an unintentional change in the tax legislation caused by the rewrite project.