The Employee Share Ownership Centre (Esop Centre) has published a survey to encourage employers to speak out against the abolishment of company share option plans (Csops).
A Csop is an HM Revenue and Customs (HMRC)-approved plan that provides an employee with an opportunity to acquire shares in their employer.
The survey follows the Office of Tax Simplification (OTS) review of tax-approved share schemes and HMRC’s consultation on the future of the Csop, which implied that it could be abolished.
Malcolm Hurlston, chairman of the Esop Centre, said: “Csop is the single share plan relevant to part-timers and the low paid.
“It is a bridge to a less divisive society and needs ministers to shout its virtues from the rooftops.”
Read more about company share option plans (Csops)