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Employee share schemes increase.
The number of employee share schemes hit a record high in the UK in 2016-17. Statistics published by HMRC revealed:
- a 12% increase in the number of companies using employee share schemes to 13 070 in 2016-17 from 11 680 in 2015-16;
- a 75% increase in the amount of tax relief on the enterprise management incentive scheme to £280m in 2016-17 from £160m in 2015-16; and
- companies using save-as-you-earn (SAYE) and share incentive plans fell from 1 430 in 2015-16 to 1 400 in 2016-17.
Mark Perry senior tax manager at Moore Stephens said: ‘Employee share schemes have become a large part of UK start-up culture particularly in tech and fintech businesses where take-up has been high. These schemes are flexible tax efficient tools that incentivise employees can fuel business growth and offer management...
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