Revenue gives military reservists share boost
The Inland Revenue has agreed a concession that will enable military reservists to continue participating in approved employee share schemes.
The concession means that service with the military will fulfill the employment conditions stipulated in the employee share scheme rules.
The share schemes attract tax and national insurance benefits and became a matter of concern when reservists were sent to participate in the war in Iraq.
Four schemes, Enterprise Management Incentives, the Compare Share Option Plan, the Share Incentive Plan and the Save as You Earn scheme all win the concession