In a two-part article Nigel Doran partner and Dan Pipe assistant solicitor in the corporate tax group at Macfarlanes discuss the radical reform of the taxation of employee securities in the Finance Act 2003
Finance Act 2003 Schedule 22 radically reforms the taxation of shares securities and options held by employees. In particular it brings together a ragbag of provisions dealing with these matters scattered across ICTA 1988 (recently consolidated and re-written in Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003)) into a single consistent code. However as will be seen the price of this welcome modernisation is a fair degree of complexity. Furthermore in its application to shares and securities ...
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In a two-part article Nigel Doran partner and Dan Pipe assistant solicitor in the corporate tax group at Macfarlanes discuss the radical reform of the taxation of employee securities in the Finance Act 2003
Finance Act 2003 Schedule 22 radically reforms the taxation of shares securities and options held by employees. In particular it brings together a ragbag of provisions dealing with these matters scattered across ICTA 1988 (recently consolidated and re-written in Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003)) into a single consistent code. However as will be seen the price of this welcome modernisation is a fair degree of complexity. Furthermore in its application to shares and securities ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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