The parts of the UK Finance Bill relating to share plans came into force yesterday, finally implementing many of the recommendations of the Office of Tax Simplification in this area. The main thrust of the new regime is online registration and self-certification of plans and filing of annual returns, of which more details are given in … Continue Reading
On 1 September 2013, employee shareholder status was introduced, bringing with it a favourable tax regime for UK employees willing to forfeit some of their employment rights in return for free shares in their employer. In January 2012 Deputy Prime Minister, Nick Clegg urged businesses to offer shares to their employees, saying it would improve … Continue Reading
In a speech this week, Treasury Secretary Danny Alexander is reported as saying that there was “more to be done” to enhance the profile of employee ownership and “we as a government have to constantly keep under review what we can do to help”. We couldn’t agree more. We suggest that one thing the Government could … Continue Reading
