SME employees face tax relief cuts

SME employees face tax relief cuts

Budget changes to enterprise management incentive scheme could hit SME workers

Changes to the enterprise management incentive scheme (EMI) could cost the
workers of small businesses tax reliefs.

In the Budget chancellor Alistair Darling said he would increase the value of
tax-free share options for SME staff with assets worth less than £30m.

But Darling also limited the scheme to businesses with less than 250
employees.

‘This is especially disappointing when often such successful businesses,
which have created employment, are competing for management talent among
private-equity backed and listed businesses who are able to offer management the
opportunity for capital growth through shares,’ Kevin Nicholson, head of
entrepreneurs at PricewaterhouseCoopers told The Independent.

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