Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Plans definition

What does Plans mean? Describes the set of design and technical documents for a project. In practice, parties use Plans to mean the drawings and related information that describe the works and are relied upon for design, planning, procurement and construction. The term is not generally defined by statute or case law; its scope is fixed by the contract or licence. Plans means all plans, drawings, models, specifications, reports, design documents and any other materials provided by the Licensor for the purposes of the Project, in hard copy or electronic form, including (without limitation) CAD/BIM models, federated models, schedules, surveys, calculations, method statements, datasheets and...

HMRC self-certification for UK tax-advantaged share plans—CSOP, SIP, SAYE: registration, deadlines, annual returns, amendments, enforcement and legacy pre-2014 approvals (archived)

Published by a LexisNexis Share Incentives expert

Practice notes

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...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

James Jaques

James has over 15 years' experience advising companies on the adoption, implementation and operation of employee incentive plans. He has drafted and advised on plans for listed multinationals headquartered in Hong Kong, London and other financial centres as well as unlisted companies and private equity portfolio companies. He advises on tax, employment law, securities law, company law and corporate governance aspects of incentive plans and has co-ordinated advice on global launches of share plans in over 80 countries. James also has a substantial transactional practice, advising companies on the effects of corporate transactions on their incentive plans, including takeovers, IPOs, acquisitions and disposals, rights issues and demergers....

Mirit Ehrenstein

Linklaters

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....

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...