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19 Feb 2008
HM Revenues and Customs has dismissed as 'scaremongering nonsense' claims that 80,000 employees will be caught by the new capital gains tax net, according to The Telegraph.
Under new rules, employees taking part in save-as-you-earn schemes will be liable for capital gains tax of 18% if their profit is more than £9,200. Previously, higher rate taxpayers were liable for 10%, and basic-rate taxpayers just 5%.
An estimated 270,000 employees take part in SAYE schemes, and employee share ownership lobbying group ifs ProShare has estimated 80,000 of these will be worse off under the new rules which start in April.
But HMRC told The Telegraph that the vast majority of SAYE savers will benefit from a provision that allows them to stagger disposal over more than one tax year and that they can also transfer the shares into an Isa.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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