‘Quick response’ trial for tax-advantaged share schemes

A ‘quick HMRC response’ arrangement for certain enquiries relating to tax-advantaged share schemes was launched on Monday.

‘HMRC is aware that customers sometimes need a quick response,’ the department said in its latest Employment-Related Shares & Securities Bulletin. The trial will run for four months.

HMRC will only respond on a ‘quick response’ basis if the query is sent by email, HMRC is satisfied that it is ‘capable of being dealt with quickly’, and it relates to one of the following:

• a variation of share capital;
• an alteration to an identified key feature;
• a company reorganisation;
• other circumstances in which HMRC is satisfied that a quick response can be made and is required.