FB 2014: Employee share schemes

Draft Finance Bill 2014 contains more than 100 pages on employee share schemes. Key clauses on approved schemes provide for a switch from HMRC approval to self-certification and increases in the limits for SAYE option schemes and SIPs. For unapproved schemes, draft provisions take forward some of the OTS’s recommendations, including: changing the basis of the taxation of shares and options granted to internationally mobile employees; introducing a new rollover relief for certain share exchange arrangements; and extending corporation tax relief for employee share acquisitions.