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Employee Ownership: Charitable Donations

HM Treasury written question – answered on 11th December 2017.

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Photo of David Drew David Drew Shadow Minister (Environment, Food and Rural Affairs)

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of the introduction of a tax exemption on residential cash balances for Share Incentive Plans donated to charities when an employee exits a scheme.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

Share Incentive Plans provide companies with flexibility to meet their business needs regarding employee ownership. The Government continues to keep employee share schemes policy under review.

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