1. PAYE AND EMPLOYMENT MATTERS
1.1. Consultation on OTS's recommendations on share
schemes
The Government has launched a consultation on 15 of the Office
of Tax Simplification's (OTS) recommendations on share schemes
(for comment by 18 September 2012). The OTS made three main
recommendations are:
- introduce a self certification process for the SIP, SAYE and
CSOP schemes;
- undertake further investigation into whether the CSOP scheme is
still relevant for UK businesses; and
- if CSOP is found to still be of relevance, merge the EMI and
CSOP schemes.
Of these main recommendations, the Government has accepted that
self certification should be explored further for SIP, SAYE and
CSOP schemes. In addition, there is a request for further views and
evidence on a number of the OTS's other recommendations on
share schemes. It will investigate the current relevance of the
CSOP scheme, but is not at this time consulting on the OTS's
proposal that EMI and CSOP be
