HMRC guidance on impact of "non-dom" reforms on securities and options taxation | Practical Law

HMRC guidance on impact of "non-dom" reforms on securities and options taxation | Practical Law

Amendments to the remittance basis of taxation were made by Schedule 7 of the Finance Act 2008. These altered the taxation of share incentives for certain UK taxpayers (see Practice note, "Non-dom" tax reforms changed share incentive taxation from 6 April 2008).

HMRC guidance on impact of "non-dom" reforms on securities and options taxation

Practical Law UK Legal Update 9-382-7630 (Approx. 2 pages)

HMRC guidance on impact of "non-dom" reforms on securities and options taxation

by PLC Share Schemes & Incentives
Published on 07 Aug 2008 • England, United Kingdom, Wales
Amendments to the remittance basis of taxation were made by Schedule 7 of the Finance Act 2008. These altered the taxation of share incentives for certain UK taxpayers (see Practice note, "Non-dom" tax reforms changed share incentive taxation from 6 April 2008).
HMRC have now published guidance on "some details" of these changes to the taxation of employment-related securities and securities options.
More detailed HMRC guidance on these issues is expected to be published "before the end of August" in a revision of the relevant parts of the HMRC Employment-related securities manual.