employee share scheme


Also found in: Acronyms.

employee share scheme

a scheme for sharing company profits with employees with the object of conferring on them a participation in the company in the hope of engendering greater commitment from them. Schemes operate either by distributing shares already paid up by the company either directly to the employees themselves or to trustees for them or by conferring on employees options to acquire shares on favourable terms. Revenue law provides special rules in respect of authorized schemes.
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Employee share schemes have operated for many years as a tool to reward, retain and attract talent.
Prior to HMRC, he worked at Vodafone, Deloitte and KPMG in a variety of roles focusing on the implementation, evaluation and communication of tax-efficient employee share schemes. Mr Twist said: "Grant Thornton is earning a reputation as the advisory firm to growing businesses, particularly in the mid-sized business market.
Prior to that he worked at Vodafone, Deloitte and KPMG in a variety of roles focusing on the implementation, evaluation and communication of tax-efficient employee share schemes.
Major firms such as British Airways, BT, ICI and the banks have popular employee share schemes.
Revenue Minister Judith Collins has today welcomed the release of an officials issues paper on the taxation of employee share schemes for start-up companies.
"Now many will be left with no employee share scheme at all in which to invest."
The Wales Co-operative Centre has now helped the firm set up an All Employee Share Scheme, which will enable the employee-owned company to have an internal market for its shares using the government's new Share Investment Plan.
MG Rover yesterday won industry recognition for its innovative employee share scheme at an awards ceremony held in London last night and organised by ProShare, the share ownership promotion organisation.
Luckily, her company employee share scheme gave her the cash to hit the High Street.
The other major aspect of this bill is to modernise and strengthen the tax rules relating to employee share schemes. We want to make sure that the tax treatment of employee share schemes is broadly similar to the tax treatment of other forms of remuneration.
The former managing partner of Lee & Priestley is an expert on company law and employee share schemes.
Vodafone Group Plc on Thursday announced that it has transferred 290,035 ordinary shares of USD0.11 3/7 each to participants in its employee share schemes.
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