| FINANCIAL PARTICIPATION Looking for new ways to stimulate your employees? For those of you contemplating the introduction of a new-style "share incentive plan" (SIP), the Inland Revenue has posted on its web site a guide which addresses the issues you are likely to come across when putting together and running this form of tax-advantaged reward scheme. | What will you find in this guide? | | The booklet is set out in three sections: | | Section 1 — Implementing a share incentive plan: - the requirements that have to be met for a plan to be approved
- how the plan will operate
- design options
- Inland Revenue approval of a plan.
| | Section 2 — How to operate a plan: - the award of shares and valuation
- the tax implications of a share incentive plan — for employees, trusts and trustees, and employers
- issues which might arise in operating a plan.
| | Section 3 — Further sources of information and help on tax issues. | Want to know more? For a free copy of the booklet, tel: 0845 9000 404 or visit the Inland Revenue web site . . . www.inlandrevenue.gov.uk/sip Posted 14 March 2002 | 
