Mirit Ehrenstein
Mirit is Counsel PSL in the Employment and Incentives team at Linklaters. She has worked with a wide variety of companies on their all-employee and executive incentive plans and corporate governance issues and has wide experience in all aspects of both domestic and international employee incentives and employee tax with particular interest in employee benefit trusts. She leads the development and training of the team's junior lawyers. She has been involved in developing and teaching the Linklaters' ICSA Certificate in Employee Share Plans course. Before specialising in employee incentives Mirit also advised on pensions, personal tax and trusts.
Practice Area
Panel
- Contributing Author
1 Contributions by Mirit Ehrenstein
PRACTICE NOTES
HMRC self-certification for UK tax-advantaged share plans—CSOP, SIP, SAYE: registration, deadlines, annual returns, amendments, enforcement and legacy pre-2014 approvals (archived)
ARCHIVED: This Practice Note is archived and is not maintained. It sets out the process for creating a tax-advantaged share plan, including a company share option plan (CSOP), a share incentive plan (SIP) and a save as you earn (SAYE) scheme (a Qualified Plan). The process for enterprise management incentives (EMI) varies slightly and is not addressed here. For more on EMI, see Practice Notes: How EMI schemes work and key features—advance assurance and EMI—notification of grant of options to HMRC.
Overview
If a company is eligible to run a Qualified Plan (see Practice Notes: CSOP—qualifying companies and qualifying shares, SAYE—companies which qualify to operate an SAYE scheme and SIPs—qualifying companies and type of shares) and holds plan documents that meet legislative requirements, it can commence granting awards under it, with those awards potentially qualifying for the tax advantages set out in the legislation. HMRC advance approval of the plan is no longer required. However, to access the tax reliefs, the company must:
register the Qualified Plan online, and
certify that the Qualified Plan complies with the legislation and, if any grants...
Share Incentives
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