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Our Services
Employment Taxes and Incentives
Employee Share Incentives
Peters Elworthy & Moore have considerable experience in the field of employee share incentives. We can provide comprehensive tax and legal advice when assisting with the design, implementation and operation of your share incentive arrangements. Our goal is to provide quality advice at a price which will make us your first choice when you need professional advice on employee share plans. We can provide advice on the following types of share incentive arrangements.
- Enterprise Management Incentives (EMI) share options
- HM Revenue & Customs approved company share option plans (SOP)
- HM Revenue & Customs approved sub-plans
- Unapproved share option plans
- Share Incentive Plans (SIPs)
- Save As You Earn schemes (SAYE/Sharesave)
- Conditional share plans
- Long-term incentive plans (LTIPs)
- Phantom share option schemes
For further information on any of the above arrangements please contact Derek Carr, Partner responsible for Employment Taxes, at dcarr@pem.co.uk.
The Service
We seek to meet our clients' requirements by providing advice on the following areas.
- Designing plans to comply with the tax legislation
- Drafting ancillary documents such as option certificates, letters of grant, notices of exercise, employee communications material etc
- Preparing board or shareholders' resolutions
- Reviewing the company's articles of association and existing capital structure to ensure they comply with the legislative requirements
- Advising on the legal and practical procedures necessary to adopt the plan
- Providing assistance with HM Revenue & Custom approval requirements
- Agreeing share valuations with HM Revenue & Customs for unquoted shares
- Advising on the operation of PAYE, NIC and capital gains tax as appropriate
- Corporation tax planning ideas for share schemes
- National Insurance Contributions (NIC) planning
- Creating an internal market for unquoted shares using an employee benefit trust
- Accounting advice
- End of year reporting requirements
The Benefits
We will work with you to ensure that your employee share incentive scheme is commercially competitive, operated in accordance with the legal requirements and provides the maximum tax advantages to the company and its employees. Our local knowledge means that we can provide detailed guidance on the various types of share incentive arrangements being used by your competitors to recruit, motivate and to retain their key employees.
Employment Taxation
Peters Elworthy & Moore are determined to provide Employment Taxation advice to fit your exact requirements, however complex or simple they may be. We are happy to assist you as much or as little as required, and on any level. Our goal is to provide best quality advice, at a price which will make us your "first choice" when you need professional advice as an employer.
The Service
We advise our clients in the following areas:
- Designing and implementing expenses and benefits policies
- Assistance with the preparation of forms P11D
- Agreeing form P11D dispensations, negotiating PAYE and Settlement Agreements with HM Revenue & Customs
- Employment status issues affecting the engagement of casual labour, personal service companies and self employed individuals
- Ad hoc advice in areas such as relocation policies, rewarding employees and termination arrangements Assistance prior to, or during, and negotiating settlements following, HM Revenue & Custom investigations
- PAYE/NIC health checks
- Advice regarding the Construction Industry Scheme
- Company cars
- Tax efficient remuneration planning
For further information on any of the services offered by our Employment Taxation Department or to discuss how we can help your business, please contact Derek Carr, Partner responsible for Employment Taxes, at dcarr@pem.co.uk.
The Benefits
As an employer ourselves, we are fully aware of the extra responsibilities being placed on employers by the government to maintain proper records while at the same time complying with the regulatory requirements governing the employment of staff. We appreciate that most employers find it difficult to keep fully up to date with some of the more complex tax and legal changes. For this reason our Employment Taxation service is integrated with PEM HR (our Human Resource Consultancy Team) and PEM Payroll (our Payroll Bureau Service) to provide you with comprehensive advice which will help you as an employer deal efficiently with your employment tax and NIC issues.
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