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.
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans