In order to keep qualified skilled staff with the company long-term, employers have to offer more than an attractive salary these days. Because beyond salary, other factors are also becoming increasingly important. These include flexible working hours or individual further education and sponsorship programmes. Retaining employee loyalty by offering shares in the company is also enjoying growing popularity.
However, such a programme needs to be well thought through. Because a few things need to be considered about both the arrangement and its implementation in order to avoid possible pitfalls. For example, there has to be a focus on and intensive review of payroll tax (accruals, valuation of benefits in kind etc.).
Our (tax) experts will be pleased to support you and your company in developing the right employee share plan.