Jurisdiction(s):
United Kingdom

UK share incentives: HMRC ERS Bulletin 60, stamp taxes overhaul, BIK payrolling delay; EBT changes; AGM pay revolts (Melrose, Unilever, Taylor Wimpey, Anglo American); internationally mobile ERS—1 May 2025

Published on: 01 May 2025

Published by a LexisNexis Share Incentives expert

Legal News

Article summary

In this issue:

Tax Treatment
Corporate Governance
Updated content
Useful information
Dates for your diary
Weekly highlights from other practice areas

Tax Treatment

Tax update spring 2025: simplification, administration and reform

HMRC has unveiled a suite of measures focused on tax and customs administration and simplification. The package spans new consultations, published outcomes, calls for evidence, announcements and related materials. Of these, the points below are expected to be of particular relevance to share incentives specialists:

Employment Related Securities changes — from 1 May 2025 a streamlined route will apply for making a joint election to shift an employer’s NICs liability triggered by certain chargeable events linked to employment-related securities or options, removing the need for the employer to send the election form to HMRC for pre-approval when using the GOV.UK template form
Modernisation of the stamp taxes on shares framework — the government has released a summary of responses to the 2023 consultation on detailed proposals to modernise the stamp taxes on shares regime, alongside a further consultation inviting views on aspects of the 1.5% higher rate charge, which applies to certain transfers of UK securities overseas

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