In the Spring budget 2023, the following reform to the CSOP rules and changes to the EMI rules, effective from 6 April 2023, have been announced: Reform of CSOP The CSOP rules will be reformed, as previously announced by the government on 23 September 2022, in the following manner: paragraph 6(1) of the CSOP legislation…

March 16, 2023 Read more >

On 19th January 2023, HMRC published the Employment Related Securities Bulletin 47. The main contents of the Bulletin are: Changes to the ERS year-end return template Changes to the CSOP limit and share class restrictions Update of the ERS guidance Changes to the ERS year-end return template HMRC has announced that they will be making…

February 24, 2023 Read more >

The Growth Plan 2022 announced by the Chancellor of the Exchequer includes some changes to the employee share schemes, a summary of which is set out below. Company Share Option Plan (CSOP) Perhaps the most significant change announced in the Growth Plan 2022 affects CSOPs. In particular, the individual limit is being increased from £30,000…

October 12, 2022 Read more >

An annual return needs to be submitted by all companies who have an active employee share plan registered with HMRC. This includes tax-advantaged share plans such as EMI, CSOP, SAYE and SIP as well as any non-tax advantaged plans or arrangements such as unapproved options, conditional share awards (or restricted stock units), growth share plans…

April 28, 2021 Read more >

Back to the basics – what are share plans? Share plans are means for companies to reward employees. Most often, these plans are established to improve motivation and boost productivity, by giving employees a stake in the company or share options. The more profitable the company gets, the more likely it is that employees will…

October 29, 2020 Read more >

Given the nature of our business, it will be unsurprising that we think share plans have an important role to play for companies weathering the current economic storms.  However, this view has been reaffirmed by the recent release by HMRC of research it commissioned into share plans.  The research was conducted independently and amongst its…

October 29, 2020 Read more >