Under the changes, employees holding shares in the companies for which they work, are able to claim generous tax relief by classing them as business assets.
But according to a report in yesterday’s Times newspaper, the extension of taper relief could only apply to employees of trading companies.
The CIOT is hoping the government will table an amendment to the Finance Bill before the Common’s debate on 6 June.
Report argues that the government must change the way it makes tax and budget decisions
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