Employment-related securities

The following are issues that may arise in regard to employment-related securities.

Form 42 – reporting requirements
A report on Form 42 is only required if a reportable event occurs in the tax year ended 5 April. The following are reportable events (ITEPA03/S421K (3)): an acquisition, by a person, of securities (including by exercise of a securities option), an interest in securities or a securities option by reason of his or her employment, or by [...]

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4 Jan 2011: 20% UK VAT rate
From 4 January 2011 the UK's standard rate of VAT will increase to 20%.
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VAT Package: 2010 & beyond
Since 1 Jan 2010 the place of supply of most cross-border B2B services has been where the customer is established & subject to "reverse charge". From 1 Jan 2011 the same applies to B2B "entertainment" services. B2C is VAT-able where "activities" take place. B2B for "admission" (e.g.tickets) to entertainment is where "event" takes place.
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Tax on London City Bankers
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Liechtenstein Disclosure Facility
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