TaxPersonal TaxFinance Bill challenge.

Finance Bill challenge.

The government is facing a Finance Bill Committee challenge over plans to defuse the National Insurance share option time bomb by making beneficiaries pay.

Ministers are expected to propose allowing IT companies and others with proportionately large share option schemes to pass on their liability for NICs to employees when they exercise their options. But shadow Treasury minister Howard Flight warned it would land beneficiaries in Britain’s key growth industry with a combined CGT and NICs rate of 52.5% on the proceeds.

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