Article by David Ostle published in the April 2002 issue of Tax Adviser. David Ostle BSc ATII ATT FPC is a remuneration specialist in the Employment Taxes Group at James & Cowper.
- The income tax treatment of convertible shares held by employees in their employing companies changed after March 1998
- Now when conversion takes place there can be a Schedule E charge on the employee
- The employer must account for PAYE on the amount charged to Schedule E on the conversion of shares
- Problems arise if the employee does not reimburse the employer the PAYE within 30days
To view the article in pdf format, please click on the link below.
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April 2002 by