Every year the Employee Ownership Association (EOA) holds an annual conference aiming to bring together business owners who wish to celebrate or are considering employee ownership. It also includes businesses such as RM2 that specialise in helping them turn their vision into reality. This year’s...
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...
Employee share plans are a wonderful way to attract new hires, incentivise key directors and motivate your staff. There is plenty of choice as to what kind of scheme you can use, and it isn’t always obvious which is the best one to choose. Before...
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...
Selling your business to an Employee Ownership Trust (EOT) doesn’t necessarily mean that the commercial operation of the business will change significantly after transition. Of course, the company will still need to operate profitably, particularly if you’re still going to be paid out of post-tax...
When business owners come to us to ask about share plans, the first port of call is almost always the ever popular Enterprise Management Incentives (EMI) option plan. EMI is very flexible and tax efficient and will work for many smaller companies. But there is an...
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...
Jeremy Hunt’s spring budget made a couple of surprise announcements about employee share schemes, and it’s largely good news for companies with Enterprise Management Incentive (EMI) schemes because it should make them simpler to put in place and administer. Changes to EMI Easier registration of the option...
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...
Managing any Employee Share Plan and carrying out the administration can be a huge task and can get on top of your already hectic work life. Share plan administration can even be tough on a plan consisting of a couple of individuals as the same...
HMRC have recently updated the Enterprise Management Incentive “EMI” section of its Employee Tax Advantaged Share Scheme User Manual in relation to the exercise of director discretion with regards to EMI options. The update is most welcome, given our view that it was needed back...
