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Legislation is to be introduced in the Finance Bill 2008 (which will take
effect from 12 March 2008) to amend the wording of the existing rules
applying to deductions available in relation to employment related
securities. These amendments are to ensure that the deductions anticipated
by the legislation are only available for amounts that have been subject to
income tax.
Our view
The aim of these changes is to capture specific tax planning
arrangements and they are unlikely to be of wider significance. |
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