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Some potentially good news on unapproved share schemes

HMRC is consulting on five of the recommendations made by the Office of Tax Simplification in its review of unapproved employee share schemes, published in January 2013. The areas for consultation cover share for share exchanges and rollovers; corporation tax relief following a takeover; internationally mobile employees; the making good of amounts paid by employers and valuation rules for listed shares. Where the government intends to proceed with any changes in response to this consultation, further details will be published in autumn 2013, with a view to implementation in 2014.

Whilst this by no means covers all the issues, any improvement to the current position will be welcomed.



Date: 27th June, 2013
Author: Cathy Corns


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