Finance Bill 2014 – Employee Share Schemes

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Getting to grips with the major changes made in 2013 to tax-advantaged employee share schemes was hard enough; now along comes the Finance Bill 2014 which makes even more fundamental changes in this area particularly in relation to notification, declarations and online filing.

Little appreciated is that some of the changes could actually result in options that have already been granted no longer benefitting from favourable tax treatment if the correct procedures are not now followed. For employees and employers expecting one tax treatment on exercise of the options to discover in reality a very different outcome could be devastating to all concerned.

If your company has a tax-advantaged share scheme and you want to be certain that you are on top of these changes and know how to respond them, please contact Alan Harper at Walker Morris so we can arrange a meeting to consider your specific circumstances and how the changes will impact on you.