Following his article last week on approved employee share schemes David Cohen head of employee incentives at Norton Rose explains what the Finance Bill is doing to non-approved schemes
By far the lengthiest and most complex part of this year's Finance Bill is Schedule 22 which completely rewrites the rules relating to the tax treatment of non-approved employee share schemes. This is an area of tax law which has always been an active battleground between the Revenue and taxpayers. The Revenue's abiding concern is that share schemes will be used to remunerate employees in a way which avoids income tax. Taxpayer motivation to do just that has been raised by the generous terms on which CGT taper relief has been extended to employee shareholders and by the imposition of National Insurance on...
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Following his article last week on approved employee share schemes David Cohen head of employee incentives at Norton Rose explains what the Finance Bill is doing to non-approved schemes
By far the lengthiest and most complex part of this year's Finance Bill is Schedule 22 which completely rewrites the rules relating to the tax treatment of non-approved employee share schemes. This is an area of tax law which has always been an active battleground between the Revenue and taxpayers. The Revenue's abiding concern is that share schemes will be used to remunerate employees in a way which avoids income tax. Taxpayer motivation to do just that has been raised by the generous terms on which CGT taper relief has been extended to employee shareholders and by the imposition of National Insurance on...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
