HMRC have taken their time before publishing tax-advantaged employee share scheme (ESS) statistics for the tax year 2022 (at the end of May 2024).  This may be because they had discovered data processing errors in the years from 2015 to 2021.  In fact, HMRC have...

For some business owners, selling all their shares to an Employee Ownership Trust (EOT) is the complete solution to their succession worries.  Key benefits of selling to an EOT Sellers pay no capital gains tax if they sell a majority shareholding to an EOT.  This means that...

Many private company business owners like the idea of incentivising employees via a share scheme.  Advantages include attracting and keeping key talent in a competitive market.  Using equity can also be an attractive alternative when cash is tight, and salary requirements are high. Founders who’ve built...

If you’re running an employee share plan, especially if you’re setting up a scheme for the first time, there are some trip hazards that you may not be aware of.  These may vary depending on the share plan you’re using.  Check these points out to...

As summer holidays come to an end, business owners often start thinking about getting an employee share plan in place for a New Year launch.  With that in mind, it feels like a good time to go back to basics and think about the first...

Government has published draft legislation to extend the time limit for notification of the grant of EMI options.  Currently, companies must notify HM Revenue & Customs of an EMI option grant within 92 days of the date of grant.  This limit will be extended for...

Contrary to popular belief, us share plan lawyers don’t really like making things complicated just for the sake of it.  So over the past couple of years, we’ve been delighted that the powers that be have taken the time to consider how tax-advantaged employee share schemes...

Companies with employee share plans in place have until Tuesday 6 July to file their annual returns with HM Revenue & Customs on their Employment Related Securities portal. If you have granted options to your employees, or given them shares, or let them buy shares –...

Many private companies use employee share option plans, including Enterprise Management Incentives (EMI) and Company Share Option Plan (CSOP), to deliver a reward to employees when the company is sold.    If you’re considering selling your company, it’s important to make sure your share plan is in...

The end of the tax year means that it’s time to make sure all your employee share plans information is up to date.  If you’ve got an employee share scheme, you’ll need to file a return on HMRC’s Employment Related Securities portal by 6 July...

It’s crucial for any company to retain their staff members, ensuring that the most talented employees stay for the long term, as opposed to moving on.    Why retention is important This isn’t just about being kind to employees.  Keeping your employees for a longer period can...

HMRC have introduced some minor changes to the end of year share scheme return templates to take effect from 6 April 2023.  The intention of the changes are to improve the quality of the data HMRC receive and to achieve greater consistency in reporting. The changes...

Further to our blog earlier in the year regarding the Company Share Option Plan (“CSOP”) review (mentioned in the Spring Statement 2022), RM2 are pleased that the Government announced as part of the “mini budget” on 23 September 2022 that it is expanding the availability...