Supporting the employee-ownership sector

Document type
Discussion paper
Corporate author(s)
Great Britain. Treasury
Publisher
HM Treasury
Date of publication
1 July 2013
Subject(s)
Employment
Collection
Social welfare
Material type
Reports

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The Government is committed to supporting employee ownership and encouraging its use more widely in UK business. As announced at Budget 2013, the Government will provide £50 million annually from 2014-15 to support employee ownership models in order to incentivise growth of the sector. This consultation is concerned with indirect ownership forms. This sector, for the most part, does not benefit from existing tax advantaged share plans. These existing schemes encourage employees to directly acquire shares in their employer company individually, rather than enabling shares to be held collectively on behalf of employees. Following the findings of the Nuttall review and in order to support this sector, the Government has decided to introduce two tax reliefs to encourage, promote and support indirect employee ownership structures. This document sets out proposals for those two tax reliefs.

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