HM Treasury Employee Ownership Consultation Reply Deadline

26 September 2013 is the deadline for replying to HM Treasury's consultation on the two new tax exemptions for employee trust owned companies.

As announced on 4 July 2013, "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."

Successive UK Governments have used tax reliefs to encourage the direct ownership of shares by employees.  The HM Treasury consultation, "Supporting the employee ownership sector", outlines the Government's support for an alternative form of employee ownership, namely, the employee trust (or indirect) ownership of shares on behalf of employees.