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...

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...

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...

RM2 are eagerly counting down the days until the EOA Conference 2022 on 3rd and 4th October at the ACC Liverpool.  We are looking forward to enjoying all things employee owned including some really exciting seminars and networking sessions. We hope you will drop by our stand...

RM2 is delighted to welcome Seb Salt as our newest Senior Consultant.  Seb joins our Employee Share Schemes team, bringing with him a wealth of knowledge gained at Deloitte and Wright Hassall. John Dormer, Share Incentives Director commented: “I’m very much looking forward to working with...

HMRC have updated its Employment Related Securities Manual in relation to the various restricted securities elections.  Among the changes, it has been confirmed that a restricted securities election, such as those pursuant to s431 Income Tax (Earnings and Pensions) Act 2003, can now be made...

During the COVID pandemic, HMRC extended the period of time for which an agreed valuation of shares to be used for Enterprise Management Incentive “EMI” options remained valid (assuming no material changes occurred during the meantime) from 90 days to 120 days.  However, on 14...

RM2 acts for companies in a wide variety of sectors. However, recruitment companies will often come to us to look for ways to structure equity incentives for their employees. These include executive, specialist IT & technical, property, tax and company secretarial, graduate and cross-sector recruitment. Recruitment...