Following his articles on approved and non-approved employee share schemes David Cohen head of employee incentives at Norton Rose turns his attention to the Finance Bill provisions which confer corporation tax relief for employee share acquisitions
Finance Bill Schedule 23 introduces corporation tax relief for employee share acquisition a relief which according to Treasury estimates will within a few years be worth £100 million annually.
A House of Lords decision in 1940 established that the 'opportunity cost' to a company of issuing shares to employees at a discount to market value was not tax-deductible. In recent years well-advised companies have circumvented this ruling by channelling share incentives via employee benefit trusts. Corporate contributions to these trusts were likely to be deductible on general principles. However...
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Following his articles on approved and non-approved employee share schemes David Cohen head of employee incentives at Norton Rose turns his attention to the Finance Bill provisions which confer corporation tax relief for employee share acquisitions
Finance Bill Schedule 23 introduces corporation tax relief for employee share acquisition a relief which according to Treasury estimates will within a few years be worth £100 million annually.
A House of Lords decision in 1940 established that the 'opportunity cost' to a company of issuing shares to employees at a discount to market value was not tax-deductible. In recent years well-advised companies have circumvented this ruling by channelling share incentives via employee benefit trusts. Corporate contributions to these trusts were likely to be deductible on general principles. However...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
