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...
We recently blogged on HMRC’s update on the use of discretion in relation to the exercise of EMI share options (HMRC publish guidance on exercise of discretion in relation to EMI options - The RM2 Partnership). Lots of companies want to make the most of...
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...
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...
So the government concluded in the recent Spring Statement that the current Enterprise Management Incentive scheme (“EMI”) remains effective and appropriately targeted. Hmmm….. – most advisers would agree that the government should have had more appetite for change and actually attempted to reduce some of...
An Employee Ownership Trust (EOT) transaction is a key and exciting step on the employee ownership journey but is a long way from the ultimate destination. Exemplary governance and employee involvement are key to continued growth and to maximising employee ownership’s contribution to the UK...
It’s nearly budget time and the share plans world is excited to see if there will be changes to the rules relating to Enterprise Management Incentive (EMI) share option schemes. Last year the Treasury launched a consultation calling for evidence from company owners and practitioners about...
Further guidance on the use of directors’ discretions with particular reference to Enterprise Management Incentives (EMI) is, in RM2’s opinion, long overdue. One of the biggest attractions of EMI options for private companies is the flexibility they offer. For example, while other tax advantaged employee share...
RM2 is delighted to welcome John Dormer as our new Share Incentives Director. John will head up our share schemes team, with Sarah Anderson stepping back as director as John takes up the reins! John brings with him many years of share plans experience, most recently...
Managing any employee share plan or share option plan, and carrying out the administration, can be a huge task which can get on top of your already hectic work life. HMRC requires all plans and relevant events to be registered with them, and it’s all...
