Ask the team: Preparing for the full impact of the disguised remuneration legislation (Part 7A)

An Ask the team which considers what companies and share schemes advisers can do to prepare for the introduction (from 6 April 2011) of the proposed anti-avoidance legislation to tackle disguised remuneration in the new Part 7A of the Income Tax (Earnings and Pensions) Act 2003.

The government tabled amendments to the draft Part 7A legislation published in Finance Bill 2011.  The amendments have improved and clarified some of the share schemes exemptions, but areas of difficulty remain.  For the current position on Part 7A, see PLC Share Schemes & Incentives Part 7A tracker.

PLC Share Schemes & Incentives


 

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