Tax window for share schemes

E-PAY

Tax window for share schemes

Hi-tech and start-up businesses that rely heavily on share options will need to act quickly to take advantage of new legislation designed to limit the burden of employers' national insurance contributions, says accountancy group BDO Stoy Hayward.

Last November the government announced plans to cut employers' national insurance liabilities on unapproved share option schemes. Royal assent is expected by Easter and companies will then have just 92 days to come to an agreement with the Inland Revenue.

BDO reckons that 2,000 employers will be affected and puts the total NI saving at £ 160 million.

Want to know more?

Take a look at BDO's press release . . . www.bdo.co.uk/news/pr_act.htm