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10 July 2012
Government consults on two of three proposals
The Office of Tax Simplification’s (OTS) has made three major proposals on employee share schemes, following completion of its review of the share incentive plan (SIP), save-as-you-earn (SAYE), company share option plan (CSOP), and enterprise management incentives (EMIs).
The OTS has recommended:
- The introduction of a self certification process for the SIP, SAYE and the CSOP.
- The undertaking of further investigation into whether the CSOP is still relevant for UK businesses.
- The merger of EMIs and the CSOP if the CSOP is found to still be of relevance.
The government had chosen to consult on self-certification of the SIP, SAYE and the CSOP and on the relevance of the CSOP, but not on the notion EMIs and CSOP be merged.
Responses should be sent by email no later than 18 September, or posted to Employee Shares and Securities Unit, Room G53, 100 Parliament Street, London SW1A 2BQ.
