New measure to boost share ownership in small companies

New measure to boost share ownership in small companies

Chancellor of the Exchequer Gordon Brown announced in last week's pre-budget report that the Enterprise Management Incentive, a tax-privileged share option scheme, has been extended to cover trading companies with assets of £ 30 million.

The move is aimed at helping small, dynamic manufacturing enterprises , which are more likely to have assets in excess of the current £ 15 million limit.

A statutory instrument will be laid before Parliament immediately. This will take effect from 1 January 2002

Want to know more?

A press release summarising the change is available on the Inland Revenue web site . . .

www.inlandrevenue.gov.uk/pbr2001/revce1.htm

A new 52-page guide is now available which takes you through the qualifying requirements for Enterprise Management Incentives and is suitable for employers, employees and advisors.

Copies of booklet IR2006 — Enterprise Management Incentives — can be downloaded, free of charge, in PDF format from the Inland Revenue web site . . .

www.inlandrevenue.gov.uk/shareschemes/ir2006.pdf

Posted 4 December 2001