The final report arising out of the OTS’s review of tax advantaged employee share schemes was published on 6 March 2012. It contains three main recommendations:
None of these seems destined to fly onto the statute book. Notwithstanding the obvious advantages of self-certification putting in place safeguards to protect the plan company its employees and the Exchequer is unlikely to be a very rapid or consensual process. If the fact that the use of CSOPs has declined by 90% in a decade...