Share plan administration is never easy, even if you are a small company with only a couple of people participating in your plan. This article looks at some of the common problems facing companies who are looking to independently manage their schemes. Who's in charge around...
There is a strong argument for issuing shares to employees or granting them share options during the current Covid-19 pandemic, as the value of shares may be relatively low. However, there are practical difficulties regarding share valuation to consider.For tax-advantaged share plans, the valuation methodology...
The RM2 Partnership Limited is an employee owned consultancy specialising in the design, implementation and administration of all types of employee share plan arrangements. Our clients include private companies and those listed on AIM or similar markets. We have a vacancy for a Share Plans Assistant...
It goes without saying that 2020 will be a memorable year. A country in lockdown resulting in businesses feeling the effects for some time to come. The UK has entered into recession for the first time in 11 years. There is no doubt that there...
There has been recent speculation in the press regarding possible changes to capital gains tax rates (CGT), which are far lower when compared with income tax rates, and the possible withdrawal of entrepreneurs’ relief (ER), which taxes qualifying gains to a CGT rate of 10%...
The Upper Tribunal (“UT”) has allowed HM Revenue & Customs (“HMRC”) to appeal against the decision of the First-tier Tribunal (“FTT”) Vermilion Holdings Ltd v HMRC [2019] UKFTT 230 (TC) (8 April 2019) that an option was not granted to a director by reason of...
RM2 – COVID-19 Update It’s clear to all of us by now that these are unprecedented times. They are confusing and are shaping some businesses in a way that has never been seen before. At RM2 we are working from home and the office...
RM2 is open for business, although we are following the guidance issued by Public Health England, which can be found using the following link: https://www.gov.uk/government/collections/coronavi...
Members of the Employee Ownership Association recently attended an inspiring talk by Naomi Climer CBE, Co-Chair of the Institute for the Future of Work (IFoW) at the annual Robert Oakeshott lecture, hosted by Cass Business School.Naomi’s lecture looked at the impact of automation and AI...
What is an Employee Share Plan Return?All employee share schemes need to be registered with HMRC. An employee share plan return is the annual process of notifying HMRC of awards granted, lapsed & exercised and confirming if any alterations have been made to key feature...
If you run a private company, or your company isn’t listed on the main market, you are probably blissfully happy that you don’t have to “comply or explain” in accordance with the UK Corporate Governance Code. The latest version produced by the Financial Reporting Council...
From time to time, we get requests from companies who’ve established, or started to establish, a share plan for employees, only to get stuck on the nitty gritty of making the awards, or managing the scheme afterwards. Employee share plans can range in complexity but whatever...
Last year we made some predictions about share plans which, looking back, were on the whole pretty accurate. The number of Employee Ownership transactions in 2019 more than doubled from the 2018 level and is increasingly becoming a “must-consider” option for owner managers looking for...
The year in review: Another great year for employee ownership as Employee Ownership Trusts started moving into the mainstream. For RM2, our biggest news was that we joined the increasing number of companies that are owned by their employees! January: January is trusts and estates tax returns...
If the Labour Party wins the election, their manifesto has promised the removal of entrepreneurs’ relief (ER), which provides a 10% capital gains tax (CGT) rate on the sale of shares in certain circumstances. (It’s probably worth nothing that the Treasury is already grumbling...
