Autumn Statement - Equity Incentives

Given the myriad of technical changes to the legislation governing employee share plans introduced over the last couple of years, it is probably a welcome relief to advisers and businesses alike that Given the myriad of technical changes to the legislation governing employee share plans introduced over the last couple of years, it is probably a welcome relief to advisers and businesses alike that this year's Autumn Statement contained just one announcement in this area: some further technical changes will be introduced! Primarily these are intended to provide more consistency between rules governing the various tax-advantaged share plans and to clarify the tax treatment of internationally mobile employees holding employment-related securities and options.

Perhaps more interesting (or worrying depending on your circumstances) for taxpayers and businesses is the indication that action will be taken against users of so-called "disguised remuneration" schemes who have not paid their "fair share" of tax. The government may legislate in a future Finance Bill to close down any schemes "intended to avoid tax on earned income". Where necessary, that legislation will take effect from 25 November 2015.

We shall keep you updated on any further announcements, including any proposed changes to entrepreneurs' relief relating to "contrived structures". As ever with tax, the devil will be in the detail!