Employee Share Schemes, 8th Edition

Author: Mark Ife
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526528544
Published In: February 2024
Format: Paperback , 395 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details
Employee Share Schemes provides a comprehensive examination of the taxation, legal and compliance issues concerning the acquisition of shares by employees in their employer company, whether public or private.

Employees' share schemes remain one of the most popular forms of rewarding and incentivising a company's employees. The Government continues to believe that productivity will be increased by encouraging employee participation, which is evidenced by its commitment to public sector 'mutualisations' and, in the private sector, through such increased participation in employee share plans.

With a detailed review of the key issues and techniques involved in establishing and operating share schemes, this practical guide includes worked examples to illustrate complex calculations and a useful series of precedents to assist with implementing and understanding the operation of each scheme.

The clear advice given on the most common share schemes will help to ensure that plan rules are fully compliant with legislation.

The ninth edition has been updated in line with the following developments:
- Revisions to reflect UK legislation following BREXIT (Market Abuse Regulation, Prospectus Regulation etc)
- Updates to the Company Share Option Plan to increase participation limits and to remove requirements in relation to types of share which can be used (and update precedent rules) - Finance (No 2) Bill 2023
- Updates to EMI legislation to remove requirements in relation to summary of restrictions in grant documentation and need for employee working time declaration - Finance (No 2) Bill 2023
- Changes to annual reporting obligations
- HMRC updated guidance on discretions within EMI options
- SAYE bonus rate changes (expected)
- CGT allowance, income tax rates, dividend tax rates and NIC rates changes
Chapter 1 Introduction
Chapter 2 Types of Scheme Available
Chapter 3 The ABI/IMA and Other Institutional Investor Guidelines
Chapter 4 Establishment of Schemes
Appendix 4A Recognised Stock Exchanges
Chapter 5 Discretionary Share Option Schemes
Appendix 5A Discretionary Share Option Scheme Rules
Chapter 6 Enterprise Management Incentives
Appendix 6A Enterprise Management Incentive Agreement
Chapter 7 LTIPs: Performance, Deferred, Matching, Restricted and Convertible Shares
Appendix 7A Performance Share Awards
Appendix 7B Deferred Share Awards
Appendix 7C Matching Shares Awards
Chapter 8 Share Incentive Plans or SIPs – General
Chapter 9 SIPs – Free Shares
Chapter 10 SIPs – Partnership Shares
Chapter 11 SIPs – Matching Shares
Appendix 11A Share Incentive Plan
Chapter 12 Savings-Related Share Option Schemes
Appendix 12A Savings-Related Share Option Scheme
Chapter 13 Takeovers, Reconstructions, Demergers and Dividends
Chapter 14 Variations of Share Capital
Chapter 15 Accounting and the Statutory Corporation Tax Deduction
Chapter 16 EBTs and Using Existing Shares
Chapter 17 NISAs and Pension Plans
Chapter 18 Administration and Tax Returns
Chapter 19 Internationally Mobile Employees
Chapter 20 Cross-border Share Plans
Index
Mark Ife is a partner at Herbert Smith