Motivate and retain your top performers through competitive pay packages and share incentives, and keep everyone focussed on your long-term growth. Our skill is in helping you to navigate your way through the choices and decide on a plan that works best for your company.
Key to the best and most competitive pay packages in many sectors is share incentives, whether stock options or shares. We advise on all four of HMRC’s tax-advantaged plans, also referred to as their “approved plans”. These are:
As well as these HMRC tax-favoured plans, we can advise you on equity incentive plans that give tax advantages, but are not one of the four plans above – such as:
Having helped you select the plan that’s right for you, we then work with you to design it. We help you determine the right vesting period and the right performance conditions or KPIs ,and help you to link the vesting to the performance conditions.
Alongside specialist share scheme lawyers, we can then put the plan in place including all legal drafting, tax advice and reporting and share valuation. This includes agreeing that value with HMRC where this is possible.
Key to most equity incentive plans is valuing for tax purposes the company’s involved shares. We can prepare these valuations, whether or not we are implementing your plan. We can also value options and share incentives for accounting purposes as required by UK and international accounting standards such as FRS102 in the UK.
An important but dull task is the annual essential online reporting to HMRC. We can do that for you, taking that headache away.
Many studies show that companies with increasing employee ownership are more productive, profitable, competitive and sustainable. Where the situation is right for you and your company, we can help you transition to employee ownership as part of your succession plan. We can steer you through the choices, including using the government’s tax-favoured vehicle for facilitating this, the Employee Ownership Trust.
Get in touch and let’s make your employee benefits top-shelf.
Employee trusts have been used by employers for a number of purposes to benefit their employees. Such trusts (employee benefit trusts being one example) have been around for a number of years. The UK tax legislation has always given employee trusts tax advantages where they are implemented to genuinely benefit a company’s wider employee base.
Enterprise Management Incentives (EMI) option plans are tax-advantaged share options. They provide the option-holder with the opportunity to acquire shares in their employer at an agreed exercise price.
Specialised share schemes (including share options) are those plans that are neither approved by HM Revenue & Customs nor receive statutory tax advantages, such as Enterprise Management incentives (EMI). Specialised schemes, or “unapproved plans”, can often achieve tax efficiency for either the employee or the company but, unlike approved plans, not both.
A JSOP is a tax efficient means of linking employee and employee reward to growth in the value of the employing company or group
Patrick is a Tax Partner and Chairman of MHA MacIntyre Hudson's Tax Steering Group as well as our national associations Tax Strategy Group, leading a team of specialists to ensure clients have access to the very best in compliance services and tax mitigation solutions. Patrick's own specialisms are capital tax planning for individuals, corporate restructuring, remuneration planning, profit extraction/repatriation and increasingly, international matters. He also advises clients on the tax implications of buying and selling their business.
Patrick is a keen swimmer and occasional free diver,who still competes! He is an advocate of “anything worth doing, is worth doing well”.Get in touch with Patrick King
Chris has almost 30 years experience in the field of tax advice having joined what was then the Inland Revenue from Manchester University via BT. Since then in his time at both KPMG and Ernst and Young, he has worked with businesses large and small, listed and private, UK-based and international.
He has worked with companies and organisations in all sectors: large insurance companies, international technology companies and hotel and leisure companies to name a few. He heads up the Technology group in London and works with Technology companies large and small on all tax and financial matters that affect such companies at different stages of their growth cycle. He advises his clients on all manner of UK and overseas taxes that affect them and their employees through their employment of staff, both senior and junior. Issues like share incentives, the operation of PAYE, the application of National Insurance, the Construction Industry Scheme and company car fleet taxation are familiar territory for him.
Chris joined Maclntyre Hudson in 2011 from Mazars LLP where he headed up their London Employment Tax Services team. He is a Chartered Tax Adviser and a member of the Chartered Institute of Tax.
Outside work he has the cross to bear of being an avid supporter of West Ham football club. He carries this burden with characteristic equanimity and good humour.Get in touch with Chris Blundell
The relationship with MHA MacIntyre Hudson has always been a solid one. The team are able to respond quickly to problems and achieving timescales. Their international network, Baker Tilly International, gives them breadth and the ability to cover overseas issues. - PRISYM ID
My favourite benefit of working with MHA MacIntyre Hudson is having access to a huge network of knowledge but still having the direct personal feel when dealing with the local office team. Callum Bates -
J Bates & Son