The Government launched the Office of Tax Simplification (OTS) in July 2010 to provide independent advice on simplifying the tax system.
The OTS has today published the final report of its review of unapproved employee share schemes, commissioned by the Government on
The Government asked the OTS to carry out a two-stage review of employee share schemes. The first stage of the review looked at the four tax-advantaged schemes. This was completed in March 2012 and the Government gave their response at Budget 2012. Following consultation, autumn statement 2012 announced a package of simplifications, most of which will take effect during 2013.
The OTS has now completed the second stage of its review, focused on unapproved schemes (those that do not benefit from tax advantages). The Government will make their initial response to this report in the Budget, on
Electronic copies of the report have been placed in the Libraries of both Houses.