Business Shows Little Support For Shifting NIC Liability To Employees
Government proposals issued late on Friday 19 May to allow national insurance liabilities on the exercise of share options to be transferred from employers to employees, by agreement, will do little to make the UK more attractive than our major competitors. Feedback from our clients shows the move has little support amongst UK business.
David Tuch, Head of Share Schemes, said: 'The Government has made a concession from its original plans, by allowing the NIC which is now to be levied on employees to at least be offset against their income tax bills, which is welcome. But we believe there are still significant problems with the final proposals.'
