Employers can design their own employee share schemes, but most use of favourable tax treatment available through the four HM Revenue & Customs-approved schemes: sharesave (SAYE), share incentive plan (Sip), company share option plan (Csop) and enterprise management incentive (EMI). Executive share option plans (including long term incentives – Ltips) are used for very senior employees.
Staff able to take advantage of improved tax breaks.
HMRC challenged tax deductions worth £9m.
EBTs used before 6 April 2011 must notify HMRC by 31 March 2015.
EXCLUSIVE: It will also issue free shares to staff in September.
Its five-year sharesave plan matured on 1 August.
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A round-up of the latest facts and figures around share schemes.
New limits come into effect from April 2014.
Pay and benefits were once described as ‘hygiene’ factors.