Brown could abolish the limit on the on the number of staff eligible for tax privileged share options. Companies wishing to give their staff share options can currently grant 15 people options worth up to £100,000 that are not liable for national insurance contributions or income tax. Instead, capital gains tax is deducted, but could be as low as 10%.
The current incentives were introduced to help small companies recruit and retain the high-calibre employees. Business start-ups and dot.coms are often short of cash and need to use other means to attract skilled staff.
Other measures in next week’s report could include a tax credit to encourage business into poorer areas, an above inflation increase in pensions and the abolition of stamp duty on share dealing.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy