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Tax Reform of Employee Share Schemes

Tax reform of employee share schemes

The taxation of employee share schemes (ESS) has been an area of recent focus for Inland Revenue. After two rounds of public consultation, proposed reforms were tabled in April this year as part of the Taxation (Annual Rates for 2017 -18, Employment and Investment Income, and Remedial Matters) Bill.

While the Select Committee report is yet to be released (due in November), prudent employers will already be working to familiarise themselves with the proposed changes; analysing any potential impact for existing ESS and how the changes may be relevant when formulating a new ESS.

Our overview will assist employers with this process, and provide a starting point for further enquiry or consideration.

If you would like to discuss your ESS, and what the tax reforms mean for you, please contact one of our experts. We can provide advice on whether the reforms affect your ESS and, if so, how best to amend the ESS or draft a new ESS.


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