Office of Tax Simplification review of unapproved share schemes: marketable security
The Office of Tax Simplification (OTS) has recommended that the Government introduce the concept of the ‘marketable security’ into the tax rules for employment-related securities.
The OTS proposal on the ‘marketable security’ would involve significant change to the taxation of employment related securities (ERS). Broadly, individuals would be able to choose whether the tax charge on ERS arises at the time they are acquired or, if different, at the time at which they can be sold for cash (when they become ‘marketable’).
This consultation is designed to explore areas in which the Government believes that further discussion on this OTS proposal, and further evidence of the potential impact, would be helpful to its consideration of whether to proceed with any changes.