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The Employee Ownership Manual

The Employee Ownership Manual

  • 作者:
  • 出版商: Spiramus Press Ltd
  • ISBN: 9781910151150
  • 出版时间 November 2019
  • 规格: Paperback
  • 适应领域: U.K. ? 免责申明:
    Countri(es) stated herein are used as reference only
S$112.88
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  • 描述 
  • 大纲 
  • 详细

    This book is intended to meet a range of different needs and to cater for different levels of knowledge about employee ownership. If you are considering making your company employee-owned or you are advising someone going through that process, and in either case are new to the topic, you can build up your knowledge levels from Chapter 1. Alternatively, the book can be used as a reference work if you have a particular question to answer.

    Some parts of the book will not be relevant to every reader. For example, several Chapters consider how employees can acquire shares personally: these will not be relevant to companies which intend their employee ownership only to be through an employee trust.

    The book is intended as practical guide rather than a highly detailed technical treatise. Its priority is to explain key issues in an accessible fashion and to raise awareness of where further exploration and advice may be important.

  • Chapter 1. Looks at the background to employee ownership and why companies choose to become employee-owned
    Chapter 2. Employee trusts are a key part of the structure of most employee-owned companies, as outlined in this Chapter. Individual share ownership is also introduced here, as some employee-owned companies combine ownership by an employee trust (which usually holds the majority of the company’s shares) with direct, individual ownership of shares by employees
    Chapter 3. Goes more deeply into how employee trusts work and how the role of trustees as owners interacts with the role of the company’s directors
    Chapter 4. Key steps and decisions that will need to be made in establishing an employee trust are considered
    Chapter 5. Starts to look in more detail at individual share ownership, in particular the ways in which employees can acquire shares personally, and provides a summary of the tax reliefs that are available for individual employees acquiring shares in their company
    Chapter 6. Employee ownership trusts are a particular kind of employee trust, bringing particular tax reliefs. This Chapter considers these tax reliefs and the various conditions which must be satisfied
    Chapter 7. Many companies become employee-owned through the existing owners transferring their shares to an employee trust. This Chapter looks at how to plan ownership succession in this way and some key questions that will need to be considered
    Chapter 8. An employee ownership trust deed is likely to form the structural core of most employee-owned companies. This Chapter explains the key provisions that it will commonly include
    Chapter 9. Considers the people issues which arise in a transition to employee ownership, and has been written by Jeremy Gadd
    Chapter 10. The Share Incentive Plan (SIP) enables employees to purchase shares or receive free shares, in each case with relief against income tax. The SIP is an all-employee share scheme, which means that all employees must be allowed to participate in any offer of shares. This Chapter looks at the statutory requirements for operating a SIP and how it works in practice
    Chapter 11. Save As You Earn (SAYE) options is another form of all-employee share scheme, under which employees can be granted options to acquire shares in the future and those employees who participate will save a monthly amount towards the option exercise price. This Chapter considers how SAYE options work.
    Chapter 12. Looks at Enterprise Management Incentive (EMI) options. For companies wishing to create personal share ownership for their key people, EMI options will often be the best place to start. There are particular eligibility requirements for EMI options. These are considered in this Chapter, which also discusses the key elements of an EMI scheme, and offers suggestions as to how EMI options can be structured.
    Chapter 13. An alternative to EMI options is the Company Share Option Plan (CSOP). This Chapter considers how the CSOP works
    Chapter 14. Looks at other ways in which employees can acquire shares personally
    Chapter 15. Where employees are to acquire shares (or cash) from an employee trust, it is important to ensure that this is structured in a way which does not fall foul of tax anti-avoidance rules which were introduced to counter what is commonly referred to as disguised remuneration. This Chapter looks at these provisions and how to keep on the right side of them. Failure to do so could result in a charge to income tax and National Insurance on the value of assets even though an employee has not acquired any definite ownership rights over them
    Chapter 16. Sweeps up some other legal and regulatory matters not directly covered in previous Chapters
    Chapter 17. Covers data protection requirements
    Chapter 18. Covers phantom shares
    Chapter 19. Looks at the interaction between corporation tax, employee trusts and different individual employee share schemes
    Chapter 20. There are a number of registration and filing requirements with HM Revenue and Customs and the Registrar of Companies. This Chapter considers these and some continuing administration requirements and summarises the accounting treatment of employee trusts and employee share schemes.

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