TaxPersonal TaxGovernment considering responses on share option tax

Government considering responses on share option tax

The Treasury has met its self-imposed Easter target for the collection of company replies on the issue of the tax treatment of unapproved share options by dotcom companies.

Officials said before Easter they hoped to receive an estimated 30 replies from relevant companies, a target that they have now confirmed.

The influx of recommendations has come as a boost to the government which intends to reach a speedy review decision.

The Treasury said it was confident a conclusion would soon be reached and it is understood meetings with financial secretary Stephen Timms are imminent.

An official said: ‘We are in a position where ministers will soon be looking at the comments we have received.’

It is expected ministers will back the decision to move the tax burden on shares from the dot.com companies onto their employees.

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