Jim Cunningham – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jim Cunningham on 2014-04-09.

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 7 April 2014, Official Report, column 18W, on employee ownership, if he will make an estimate of the Exchequer impact of the tax rules for shares awarded under employee shareholder agreements since 1 September 2013.

Mr David Gauke

Employers are not required to provide details of any shares awarded under employee shareholder agreements to HM Revenue & Customs until they submit their annual employment-related securities return for 2013-14. No details or estimates of the total value of shares awarded under employee shareholder agreements since 1 September 2013 are currently available.

Estimates of the Exchequer impact of the capital gains tax exemption and the income tax and national insurance treatment of shares awarded under employee shareholder agreements in tax years to 2017-18 can be found at http://www.hmrc.gov.uk/tiin/emp-shareholder-status.pdf

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