Simplification of anti-avoidance rules

As part of the simplification review, legislation will be introduced to simplify certain tax rules that apply to employment-related securities or shares (ERS)

In detail

The Finance Bill will contain provisions to take effect from Royal Assent to the Finance Bill 2009. It will apply to ERSs acquired by employees for less than market value, and to repeal an outdated anti-avoidance provision relating to transactions between associated persons.