Managing any Employee Share Plan and carrying out the administration can be a huge task and can get on top of your already hectic work life. Share plan administration can even be tough on a plan consisting of a couple of individuals as the same...
Further to our blog earlier in the year regarding the Company Share Option Plan (“CSOP”) review (mentioned in the Spring Statement 2022), RM2 are pleased that the Government announced as part of the “mini budget” on 23 September 2022 that it is expanding the availability...
During the COVID pandemic, HMRC extended the period of time for which an agreed valuation of shares to be used for Enterprise Management Incentive “EMI” options remained valid (assuming no material changes occurred during the meantime) from 90 days to 120 days. However, on 14...
RM2 acts for companies in a wide variety of sectors. However, recruitment companies will often come to us to look for ways to structure equity incentives for their employees. These include executive, specialist IT & technical, property, tax and company secretarial, graduate and cross-sector recruitment. Recruitment...
So the government concluded in the recent Spring Statement that the current Enterprise Management Incentive scheme (“EMI”) remains effective and appropriately targeted. Hmmm….. – most advisers would agree that the government should have had more appetite for change and actually attempted to reduce some of...
An Employee Ownership Trust (EOT) transaction is a key and exciting step on the employee ownership journey but is a long way from the ultimate destination. Exemplary governance and employee involvement are key to continued growth and to maximising employee ownership’s contribution to the UK...
Further guidance on the use of directors’ discretions with particular reference to Enterprise Management Incentives (EMI) is, in RM2’s opinion, long overdue. One of the biggest attractions of EMI options for private companies is the flexibility they offer. For example, while other tax advantaged employee share...
RM2 is delighted to welcome John Dormer as our new Share Incentives Director. John will head up our share schemes team, with Sarah Anderson stepping back as director as John takes up the reins! John brings with him many years of share plans experience, most recently...
HMRC announced that its Trust Registration Service (TRS) was open for non-taxable trust registrations with effect from 1 September 2021. Historically, it may not have been necessary to register an Employee Ownership Trust (EOT) using the TRS if it was not subject to a tax liability....
Employee Benefit Trusts (EBTs) can be a useful part of employee share ownership plans, particularly for privately held companies. If you’re considering an EBT as part of your employee share scheme, it’s a good idea to understand how they work, what they can be used...
RM2 was interested to read about the views of the Chartered Institute of Taxation (CIOT) on the use of Employee Ownership Trusts (EOTs) as vehicles for tax avoidance in their pre-budget submission, as reported in The ESOP Centre’s newspad. CIOT have suggested that EOTs are, in...
Managing any employee share plan or share option plan, and carrying out the administration, can be a huge task which can get on top of your already hectic work life. HMRC requires all plans and relevant events to be registered with them, and it’s all...
Too complicated Keep it simple. As a business owner, you want the financial interests of your employees as closely aligned with yours as possible. Give an employee shares (or an option) so that they do well if the business does well. That’s often complicated enough. A...
Employee ownership offers many benefits for businesses and employees, including helping to attract the best talent to a company, improving employee engagement and boosting staff retention. However, it’s inevitable that some employees will leave at some point, whether to move on with their career, due to retirement or...
It’s with huge sadness that RM2 announces that Nigel Mason has died, peacefully and after an illness which he faced with typical courage and positivity. He was a leading light in the sector and has been instrumental in the amazing growth in employee ownership schemes of...
