News

Please contact us if you would like to be kept informed of our events and of issues which may affect successful operation of an employee share scheme in your company.

The Chancellor's proposal to abolish taper relief for capital gains tax, substituting a flat rate of 18% (or 10% in limited circumstances), will have an impact on a number of commonly-used UK employee shares schemes, including EMI, CSOP and SAYE.

Please view the attached note for a summary of those changes and please note that all other material on this website is subject to this note.

Whilst many business owners have an instinctive confidence that their employees will be more motivated if they own shares or options, others are keen to see whether there is any objective evidence.

POSTLETHWAITE, the English law firm specialising in employee share schemes, has produced a brief summary of academic and Government research over recent years into the impact of employee share schemes on company performance.

A copy can be obtained by calling or e-mailing us through our contact us page.

Directors of over 100 growth companies learned about how an employee share scheme can improve business performance, in a one-day conference organised by the Institute of Directors and the Employee Ownership Centre on 9 October 2007.

Robert Postlethwaite, founder of the UK law firm POSTLETHWAITE and a speaker at the event, comments:

"In recent years, there has been an explosion of interest among UK private companies in employee share schemes. Entrepreneurs know that a well-designed and operated scheme can have a significant positive impact on performance and the available tax incentives also make this route attractive. And although changes announced in the Pre-Budget Report on the same day as the conference do impact on share scheme tax incentives, I don't think this will adversely impact on the popularity of share schemes".

Robert explained to delegates how company owners could transfer shares to employees, using Revenue-approved tax breaks for owners, employees and their company. He was also a member of the speaker's panel, responding to a barrage of questions about the practical operation of a share scheme and how each company can design the solution which is best suited to them.

The Chancellor's proposal to abolish taper relief for capital gains tax, substituting a flat rate of 18%, will have an impact on a number of commonly-used UK employee shares schemes, including EMI, CSOP and SAYE.

Please view the attached note for a summary of those changes and please note that all other material on this website is subject to this note.