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Tax

Share Schemes

Share schemes can be a very useful way to retain and reward key employees or when preparing to sell your business. HMRC approved schemes tend to benefit from tax advantages and are subject to specific requirements.

Our share scheme specialists have over 15 years’ experience in advising owner managed businesses on HMRC approved schemes. We can advise on:

  • Company Share Option Plans (CSOP)
  • Enterprise Management Incentives (EMI) for staff
  • Unapproved & growth share schemes.

Key Benefits of Employee Share Incentivisation

Low cost, low risk & long term –

  • Low cost – there are no upfront tax costs and the only upfront costs are the professional fees of setting up the scheme
  • Low risk – if the employee leaves employment before the option is exercised, the option will lapse and the employee will have no further rights under the employee share scheme. If the employee has already acquired shares then mechanisms can be put in place to ensure that the employees are required to sell their shares back to the company on leaving employment
  • Long Term Incentives – employees work with you to grow the business as the employees will benefit from the capital growth in shares. Due to the recent changes in the legislation, this capital return can be taxed at only 10% in the employee’s hands on a sale of qualifying shares (for shares acquired under an Enterprise Management incentive Scheme).

A number of considerations need to be addressed before implementing a share scheme/share award and we are on hand to help. Our team of experts will get to know you and your situation before advising on the best option for you.

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Meet the team

Lisa Wilson

Lisa Wilson

Partner

Lisa Wilson

Partner

Andy Ball

Andy Ball

Partner

Andy Ball

Partner

Kelly Garside

Kelly Garside

Director

Kelly Garside

Director

James Greenhalgh

James Greenhalgh

Director

James Greenhalgh

Director

Carolyn Van Hecke

Carolyn Van Hecke

Senior VAT Manager

Carolyn Van Hecke

Senior VAT Manager