The article focuses on draft legislation to be published by Great Britain's Revenue & Customs by the end of February, 2006, regarding corporate tax deductions from employee shares acquired by the exercise of enterprise management incentive (EMI). The new legislation clarifies 2003's Schedule 23 ...
When is corporation tax deduction relief given and who should claim it? - option holder'semployer company(NOT the company whose shares are being acquired, if different) - in the accounting year in which the option are exercised How much will the corporation tax deduction on the EMI be?
You will not be able to avail any tax deduction during the pre-EMI periodVivina Vishwanathan