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, what plans he has to introduce legislative proposals to improve the regulation of the actions of trustees of employee share schemes.

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

To ask the Chancellor of the Exchequer, what plans h?e has to introduce legislative proposals to protect potential beneficiaries of employee share schemes from that scheme being plundered by trustees.

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

To ask the Chancellor of the Exchequer, if he will establish an inquiry into the HMRC's administration of tax exemptions relating to employee share schemes.

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

The Government keeps all tax legislation under regular review and any changes are considered in line with its priorities. The Government does not plan to introduce legislation at this time to regulate the actions of trustees of employee share schemes.

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