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 >

HMRC has recently updated their guidance in the HMRC manuals at ETASSUM54300 on their views about what would and would not constitute acceptable exercise of discretion in the context of EMI Options. Background Paragraph 37 of Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 provides that the terms of any EMI Option…

November 22, 2022 Read more >

In March this year HM Treasury issued a Call for Evidence on the effectiveness of Enterprise Management Incentives (EMIs) in fulfilling the Government’s policy objectives of helping Small and Medium Enterprises (SMEs) recruit and retain employees. The Government’s objective for this call for evidence was to gather more evidence to understand whether the EMI scheme…

June 2, 2021 Read more >

As part of its long-term strategy around taxation, the administration of tax and wider tax policies, HM Treasury have split out the aspects of the recent Budget that related specifically to these areas.  As a result, Tuesday 23rd March saw the publication of a raft of tax policies and consultations. The impact of this work…

March 27, 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 >