Dealing with share plan returns sounds pretty unexciting – until you get a penalty for not doing it properly. We recently did a review of companies that took some or all of their plan administration in house or to a non-specialist on cost grounds: 92.5% of...
The Chancellor recently answered an online question, regarding the tax ad, which represents the employee ownership industry, found that employees found the five-year holding period for the Share Incentive Plan (SIP) to be too long before being able to sell shares tax free and it...
We recently published an outline checklist for putting in place an employee share plan. Step one on that checklist is producing a blueprint for the design of the employee share plan. This is important not just to get the design of the employee share plan right...
The default tax position for employees acquiring shares in their employer is a charge to income tax. This surprises some employers who think that shares must be capital assets and therefore taxed more favourably than cash no matter how the shares are delivered to staff. RM2...
Administering a Share Incentive Plan (SIP) is easy, isn’t it? It can be done in house, can’t it? Like most things, the answer is yes, but only if you know what you are doing! A client recently asked us to help remedy some issues they had...
This month, John Lewis Partnership celebrated spring by announcing celebrations for its 150th anniversary. Happy birthday to the biggest UK co-owned business! For many people, John Lewis is the poster boy of employee ownership in the UK, with the business owned in trust on behalf of...
