A guide to share option schemes

It isn’t just us though, in a recent HMRC report, they found for the tax year ending 2021, there were a total of 16,330 companies operating one of HMRC’s tax-advantaged share schemes – an increase of 6% for the prior year and 88% since 2010. 

However, there isn’t a one-size-fits-all employee share scheme as each business will have different objectives and characteristics. HMRC has four tax-advantaged schemes which are the Enterprise Management Incentives (EMI) scheme, Company Share Option Plans (CSOP), Save As You Earn (SAYE) & Share Incentive Plans (SIP), but there are also Phantom Shares and Growth Shares to consider. In our experience, the most popular scheme tends to be the EMI scheme, so this guide provides more information on that scheme than the others. 

At UHY, we have tax specialists that are able to advise on and implement these share option scheme. This guide intends to give you a general overview so we would always encourage a call with one of our experts so they can discuss which options would be suitable for you, based on your unique requirements and circumstances.

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