On 11 December 2012 the Government published a ream of draft legislation relating to employee share schemes. This draft legislation related to the provisions on the the Enterprise Management Scheme (“EMS”) and also on the provisions relating to approved employee share schemes generally.

Click here to read what an Enterprise Management Scheme is and here to find what employee share schemes are.

Enterprise Management Incentive schemes

It is well-known that entrepreneurs’ relief reduces the capital gains taxation rate to 10% on the first £10 million of gains in share price. Although there is normally a requirement that the “entrepreneur” must have at least a 5% shareholding for the relief to apply the Government has stated that the relief will be extended to all shares acquired when Enterprise Management Incentive options are exercised (without the need to hold 5%). However, the requirement that the shares should be held for 12 months still applies.

Approved employee share schemes

Provisions were announced relating to retirement, the takeover and sales of businesses, material interest rules, restricted shares and SIPs.

logo_website

About

Redmans Employment Team deal with employment matters for both employers and employees, including drafting employment contracts and policies, advising employers and employees on compromise agreements, handling day-to-day HR issues, advising on restructures, and handling Employment Tribunal cases for both employers and employees

Tagged with →  
Share →
Testimonials

5.00 Average

4 Reviews

Anonymous

Patient and thorough advice given to me around my Settlement Agreement

Posted 1 day ago

Anonymous

"Excellent service, getting back to you promptly giving you very good advice."

Posted 2 days ago

Anonymous

I found Chris Hadrill to be an excellent help, he is very knowledgeable and gives good ,concise ,strategic advice .He makes himself readily accessible when you need him.I would personally highly recommend him.

Posted 4 days ago

Christine

Professional, efficient and reliable service provided. I strongly recommend them and I would use this service again.

Posted 5 days ago

Our awards

Request a callback

Your name

Your email

Your telephone number

Contact us

Please feel free to discuss your own position and concerns. Contact your nearest office on:

T: 020 3397 3603
E: enquiries@redmans.co.uk
W: www.redmans.co.uk