23rd May 2012
Following our earlier newsletter describing the recommendations of the Office of Tax Simplification (OTS) on tax-advantaged employee share schemes, OTS has launched a survey for the purpose of gathering first hand evidence from companies using unapproved share schemes.
Unlike tax-advantaged schemes, unapproved arrangements take a variety of forms and are used in widely differing circumstances. Since HMRC does not have detailed records of how these arrangements operate in practice, OTS has decided that, as a first step, it should invite companies using unapproved share schemes to provide information about the way in which the schemes are used.
The survey is now available on the OTS website and can be accessed via the following link: http://www.hm-treasury.gov.uk/ots_essreview.htm.
Alternatively, the direct link to the survey is: http://freeonlinesurveys.com/rendersurvey.asp?sid=khh5906dwed2cws1038806
OTS estimates that completion of the survey should take no more than 20 minutes.
OTS has requested responses by Friday 8 June, so the timing is tight if you wish to record your evidence.
If you or your clients would like to discuss any of these issues please contact:
Robert Postlethwaite firstname.lastname@example.org
David Reuben email@example.com
Stephen Chater firstname.lastname@example.org
Judith Harris email@example.com