Global Watch ()
On Thursday March 27, 2014, the UK Government published the Finance Bill for 2014. The proposed legislation would enact a recommendation of the UK ‘Office of Tax Simplification’ that the tax treatment of all employment related securities (including options, restricted stock units and restricted shares) should be consistent for internationally mobile employees. The new legislation subjects the portion of any such award that relates to workdays in the UK to UK tax. Some employees may wish to exercise options before April 6, 2015, when the new rules will go into effect.