- July 16, 2012
HMRC’s second Employment-Related Shares & Securities Bulletin includes information about making section 430/431 elections electronically and the definition of Market Value of listed shares for approved SIPs. See http://www.hmrc.gov.uk/shareschemes/ess-bulletin2.pdf
- July 13, 2012
Following our final extension there is now only one week for your firm to participate in our 17th annual survey of pay practice and policy in the Private Equity and related industries. More detailed information on our survey is included further below, but there are 3 simple steps for participation:
- July 9, 2012
MM&K’s latest Share Plans Update.
To download the update, please click here
- July 3, 2012
SAYE Bonus Rate change. The Bonus Rate for 7-year SAYE/Sharesave contracts will be reduced from 1.6 monthly contributions down to Zero with effect from Wednesday 1st August 2012. The 3-year and 5-year Bonus Rates and the Early Leavers’ Rate will all remain at Zero.
- June 28, 2012
UK Government announces its remuneration policy at last. Click here for more information
- June 27, 2012
HMRC’s Consultation Document responding to the Office of Tax Simplification’s report on tax-advantaged share plans is a major disappointment. The only definite commitments are to abolish the approval process and to review the relevance of the CSOP. The Government has rejected the OTS’s proposal to reduce the period before SIP shares can be removed tax-free from 5 to 3 years.
- June 13, 2012
MM&K Manifest Executive Director Total Remuneration Survey – Press Articles.
- June 12, 2012
- May 22, 2012
EMI limit increased to £250,000 from 16th June. The Chancellor announced in the 21st March 2012 Budget that the individual limit to the value of shares subject to qualifying Enterprise Management Incentive (EMI) share options would be increased substantially from £120,000 to £250,000. Under a statutory instrument (SI 2012/1360) made on 22nd May, the new limit will come into effect on 16th June 2012: http://www.legislation.gov.uk/uksi/2012/1360/contents/made. Companies should note that an amendment to the EMI plan rules may be necessary before options in excess of the old £120,000 limit can be granted.
- May 20, 2012
Directors’ Remuneration Seminar ‘The High Pay Debate’ 12th June 2012. Click here for more information.