HM Revenue and Customs
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Employee Share Schemes: NIC elections
A consultation on whether companies with non tax-advantaged share schemes require the continued availability of a National Insurance Contribution (NIC) election.
A NIC election is the means of legally transferring to the employee the Employer’s Class 1 NIC obligation on the occasion of chargeable events in connection with employment-related securities options, and with restricted or convertible employment-related securities. This consultation is designed to gather views and evidence from companies with nontax-advantaged share schemes about whether there is a need for the continued availability of a NIC election. NIC agreements will continue to be available.
The consultation is particularly relevant for accounting and legal advisers of companies which offer non tax-advantaged share schemes, particularly multinational companies with UK employees.
This consultation closes at 13 July 2016 11:45pm
Documents
Employee Share Schemes: NIC elections PDF, 175KB, 12 pages
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Ways to respond
Email to:
Write to:
Employee Shares & Securities Unit
HM Revenue and Customs
Room G53
100 Parliament Street
London
SW1A 2BQ
