Moving to another country can sometimes have an effect on any share plans in which you participate.
The grant, exercise and sale of shares whilst working, or having worked overseas, may trigger tax and social security liabilities in home and host countries. There may be withholding obligations for Diageo and reporting requirements for you. Please see the following document:
IA Equity Taxation
To help you understand these obligations, EY will provide you with details of the tax and policy implications of your equity income in your tax briefings.
If you are in doubt over the implications, please contact the Diageo Global Mobility Team and they will be able to assist further. Please note that the tax vendor is not authorised to provide personal tax planning advice on equity income.
In this section, we have provided some general information about what happens to your participation in Diageo's share plans.
Please note that once your International Assignment has concluded there may be ongoing tax implications in respect of your share plan holding. Please contact your Global Mobility Advisor for further information.
In the event of any conflict between this information, the rules of the relevant share plan(s) and Diageo’s Global Mobility Policies, the rules of the plan, Diageo’s Global Mobility Policies and applicable legislation will prevail.