The government has announced that it will review the policy settings around Employee Share Schemes (ESS).
The government will review and determine the most effective measures to address the barriers faced by start-up companies, including:
- Developing guidance to reduce the administrative burden of establishing an ESS
- Adjusting the valuation of options
- Examining the point at which share options are taxed for start-up companies
This will assist in engaging and attracting employees into the success of a business as well as helping to retain staff.