TaxPersonal TaxRevenue gives military reservists share boost

Revenue gives military reservists share boost

The Inland Revenue has agreed a concession that will enable military reservists to continue participating in approved employee share schemes.

Link: MoD rejects MPs’ auditing demands

The concession means that service with the military will fulfill the employment conditions stipulated in the employee share scheme rules.

The share schemes attract tax and national insurance benefits and became a matter of concern when reservists were sent to participate in the war in Iraq.

Four schemes, Enterprise Management Incentives, the Compare Share Option Plan, the Share Incentive Plan and the Save as You Earn scheme all win the concession

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

4d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

3w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter