Share Schemes

Every business looks at ways of removing funds from their companies as tax efficiently as possible. Many are also looking at ways of encouraging and keeping their key staff. The use of share schemes is ideal for this.

We also provide advice to members of existing share schemes who to look at the most tax efficient way to take up their options etc.

We use the share schemes such as Enterprise Management Incentive that are approved by HMRC so that the risk of challenges are reduced to the minimum.

Our service works in different ways dependant on whether we are providing a scheme or advising on it. If we are providing a scheme our services work like this:

1. We meet with you to establish the facts and advise you on how a scheme would work for you. We can meet with the employees that are to receive options to outline the scheme to them. We would then obtain clearance from HMRC that the company and the draft scheme that we are putting in place qualifies.

2. If at this point you wish to proceed we will produce heads of agreement and shareholders agreement together with the company’s solicitors or if you require we can recommend a solicitor. Agree the share value with the company and with HMRC. We will finally formally advise HMRC that the scheme has started. We will quote for this on a fixed fee, which will be dependant on the amount of work required in your particular circumstances.

If you would like to discuss any matters with us or to arrange a meeting please call us on +44 (0)121 483 6850 or click here to contact us.