New CSOP option reforms have seemingly escaped the mini-Budget cutting room floor. Claire Matthews (Taylor Wessing) explores the benefits.
Earlier this year at the Spring Statement the government announced it was considering reforming the company share option plan (CSOP) to support companies as they outgrow the scope of enterprise management incentives (EMI).
After much lobbying by industry CSOP reforms were finally announced in September’s mini-Budget. As at the time of writing the changes are one of the few measures to have escaped being scrapped.
The government proposes to double the CSOP limit to £60 000 and relax the current CSOP share class restrictions.
These changes will be of particular interest to growth companies who do not qualify for EMI such as those who have outgrown the EMI employee limit and gross assets test but are currently prevented from operating a CSOP due to the...
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New CSOP option reforms have seemingly escaped the mini-Budget cutting room floor. Claire Matthews (Taylor Wessing) explores the benefits.
Earlier this year at the Spring Statement the government announced it was considering reforming the company share option plan (CSOP) to support companies as they outgrow the scope of enterprise management incentives (EMI).
After much lobbying by industry CSOP reforms were finally announced in September’s mini-Budget. As at the time of writing the changes are one of the few measures to have escaped being scrapped.
The government proposes to double the CSOP limit to £60 000 and relax the current CSOP share class restrictions.
These changes will be of particular interest to growth companies who do not qualify for EMI such as those who have outgrown the EMI employee limit and gross assets test but are currently prevented from operating a CSOP due to the...
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:
