Inadvertent earmarking under Part 7A of ITEPA 2003 | Practical Law

Inadvertent earmarking under Part 7A of ITEPA 2003 | Practical Law

This note describes how a shareholder may inadvertently take a relevant step for the purposes of the disguised remuneration legislation, by earmarking shares. This note provides guidance on determining whether a shareholder has taken a relevant step under Part 7A of the Income Tax (Earnings and Pensions) Act 2003, if any exclusions apply and whether any remedial action is possible.

Inadvertent earmarking under Part 7A of ITEPA 2003

Practical Law UK Practice Note 5-554-4305 (Approx. 7 pages)

Inadvertent earmarking under Part 7A of ITEPA 2003

MaintainedUnited Kingdom
This note describes how a shareholder may inadvertently take a relevant step for the purposes of the disguised remuneration legislation, by earmarking shares. This note provides guidance on determining whether a shareholder has taken a relevant step under Part 7A of the Income Tax (Earnings and Pensions) Act 2003, if any exclusions apply and whether any remedial action is possible.