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Consultation on ending NIC elections for unapproved share schemes

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HMRC is consulting until 13 July 2016 on whether there is still a need for formal NIC elections to transfer from employer to employee the secondary Class 1 liability arising on gains from unapproved employment-related securities options. NIC agreements, which do not require HMRC approval, would continue. HMRC is keen to know whether the perceived benefits of NIC elections for employers outweigh the costs of administering its paper-based approval process. See

Issue: 1306
Categories: News