Employee Ownership

Treasury written question – answered on 15th December 2020.

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Photo of Neil Gray Neil Gray Shadow SNP Spokesperson (Work and Pensions)

To ask the Chancellor of the Exchequer, if he will include tax exemptions relating to employee share schemes in the consultation on the Finance Bill 2021.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The Government offers four tax-advantaged employee share schemes: Share Incentive Plans (SIPs), the Save As You Earn (SAYE) scheme, Enterprise Management Incentives (EMI), and the Company Share Option Plan (CSOP).

The schemes enable employers to share financial rewards with staff, with both receiving tax benefits. This is ultimately intended to support recruitment and retention and help encourage employee productivity.

There are no current plans to change these schemes at the 2021 Finance Bill. The Government keeps all of the employee share schemes under review.

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