Industry lobbying has helped to put tax-favoured share plans on the government’s radar. Reviews have already led to reform of both EMI and CSOPs, with a review of SIPs and SAYE due shortly. Changes in the Finance (No. 2) Bill 2022/23 relax certain requirements for the grant of EMI options. Although the changes to EMI do help simplify the process, much complexity remains and inconsistency between the different plans is increasing. A holistic review of all UK tax favourable plans is needed.
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Industry lobbying has helped to put tax-favoured share plans on the government’s radar. Reviews have already led to reform of both EMI and CSOPs, with a review of SIPs and SAYE due shortly. Changes in the Finance (No. 2) Bill 2022/23 relax certain requirements for the grant of EMI options. Although the changes to EMI do help simplify the process, much complexity remains and inconsistency between the different plans is increasing. A holistic review of all UK tax favourable plans is needed.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")