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Score a conversion

Category Technical Articles
AuthorTechnical Department
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.

KEY POINTS


  • 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.

Technical Department
020 7235 9381

April 2002 by David Ostle

 

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