Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Company definition

What does Company mean? In legal practice, company describes an incorporated association formed to carry on business or another lawful purpose. Across England and Wales, Scotland and Northern Ireland this ordinarily means a body corporate formed and registered under the Companies Act 2006; in Ireland, under the Companies Act 2014. A company has separate legal personality (Salomon v A Salomon & Co Ltd), can own assets, enter contracts, sue and be sued, and typically provides limited liability for its members. Common forms are the private company limited by shares (Ltd), the public limited company (plc), the company limited by guarantee and the unlimited company....

HMRC CSOP guidance transition from ESSUM to ETASSUM: UK cross-references, self-certification regime and key differences (Archived November 2015)

Published by a LexisNexis Share Incentives expert

Practice notes

ARCHIVED:

This archived Practice Note supplies background reading on the key differences between the CSOP guidance in ESSUM and where it is now located in ETASSUM. It also sets out any significant changes in the guidance. This Practice Note shows the position as at November 2015 and is for background purposes only.

Background

On 28 October 2015, HMRC alerted its followers to a new employee Tax Advantaged Share Scheme User Manual (ETASSUM), available on its Gov.uk website. The previous guidance in ESSUM remains, at the time of writing, live and can be found here. As the title implies, ETASSUM covers enterprise management incentives (EMI), company share option plans (CSOPs), save as you earn (SAYE) and share incentive plans (SIPs). ETASSUM is not yet final and, at the date of this Practice Note, many links are still missing. A feedback link appears on every page and can be used to inform HMRC of any issues. The table below provides a summary of where each main CSOP provision was previously located in ESSUM and where it can now be found in ETASSUM. It also...

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Web page updated on 21/05/2026

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