Share Schemes and Valuations

This is particularly important where there is no mechanism for agreeing the valuation of the shares ‘upfront’ with HMRC, an area which we are seeing come under scrutiny more and…

When will a CSOP be appropriate? A CSOP is a discretionary plan, which means that companies can select particular directors or employees to benefit, rather than an all-employee plan such…

To recap the rules, BADR is generally available on the disposal of business assets by an individual which has been held for at least two years at the date of…

What is a Company Purchase of Own Shares by multiple-completion contract? Where a shareholder exits a business, and subject to there being sufficient reserves, a company can repurchase the shares…

For shareholders receiving cash (or a simple debt) for the sale of their shares, their entire gain comes into charge in the tax year in which a binding contract for…

Written by Elliott Morrell, Manager at Claritas Tax: These discussions are usually along the lines of “why has EBITDA been used?”, “how has EBITDA been calculated?” and “is the multiple…

The Enterprise Management Incentive (“EMI”) is a well-established tax advantaged share option scheme.  It is a government-backed way of attracting, retaining, and rewarding key employees, tax efficiently. This enables smaller…

HMRC has finally published its long-awaited policy on the impact of COVID-19 on the working-time requirement for Enterprise Management Incentive (EMI) schemes following its previous announcement in respect of Company Share…

The latest Employment Related Securities bulletin issued by HMRC deals with the impact of COVID-19 on Enterprise Management Incentive (EMI), Save as you Earn (SAYE), Company Share Option Plans (CSOP),…