Corporation Tax
The question
To ask the Chancellor of the Exchequer, whether her Department has reviewed the design of employee share acquisition relief in light of its use by large, profitable companies with substantial UK public sector revenue.
Answered by Dan Tomlinson
Corporation tax relief for shares awarded to employees ensures that the award of shares is treated similarly to other forms of remunerating employees, for example cash bonuses, and thus encourages companies to give employees a stake in the businesses they work for. Companies must meet qualifying conditions in order to use the relief.
Individuals remain subject to personal tax rules.
The government keeps all tax policy under review.
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