Graeme Nuttall explains recent innovative measures to promote the John Lewis employee ownership model, especially as a business succession solution
Conventional approaches to the use of employee share plans need revisiting. In addition to understanding how to get shares tax efficiently into the ownership of individual employees it is now important to understand the wider concept of employee ownership (EO) and especially the idea that a company may be owned by the trustee of an employee trust on behalf of all its employees. This year’s Finance Act (subject to enactment) will confirm important new tax exemptions to support this trust model of ownership and in particular to encourage its use as a business succession solution.
Employee share plans are predominantly used as a way to remunerate...
