New measure to boost share ownership in small companies

FINANCIAL PARTICIPATION

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