Everything you wanted to know about Share Schemes but were afraid to ask
Share Schemes constitute the most tax efficient and commercially advantageous form of remuneration available in the UK. Whilst other plans have fallen foul of increasingly tight tax regimes, Share Schemes not only carry on but have been increased in attraction for small, medium and large companies. They are now so attractive that companies that do not have a Share Scheme should really be asking themselves why.
In particular, smaller companies that are able to access the Enterprise Management Incentive Scheme as well as other plans should be seriously considering whether they can afford not to adopt Share Schemes. HMRC figures show that the majority of tax advantaged plans are adopted by small companies but it is still a tiny minority who do so.
This seminar looks to go through both the attractions and the practicalities involved in running Share Schemes. It looks at both the barriers to adopting Share Schemes and how to overcome them. It takes a practical view of not only the tax but also the commercial aspects. These include:
- Adopting a Share Scheme whilst retaining control
- How many shares you need to retain control
- The articles of association, how they can be fitted to your Share Scheme
- Techniques and approaches
- Choosing an administrator
- Cost benefit analysis
- Tax approved v non tax approved plans
- Communicating to employees
- Keeping the plan under review
- Common errors
- Use of the new dividend allowance
The tax opportunities in Share Schemes are both substantial and underused. This seminar seeks to distinguish between real issues which need consideration and red herrings. Too many companies are put off by barriers which can be overcome. This seminar will show the ways that this can be achieved.