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Employment Law
Tax Law
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast aims to give practitioners a comprehensive introduction to the various employee share schemes, their respective advantages and tax implications, in order that listeners in turn can make informed opinions on which schemes might be most appropriate for a given client.

After completing the course you will:
  • Know the difference between genuine and 'phantom' share option schemes;
  • Be aware of the respective advantages and disadvantages for approved and un-approved share schemes;
  • Understand what steps an employer must take in order to issue shares under a given scheme;
  • Know the tax implications of CSOP, EMI, SAYE and SIPs;
  • Understand how share option rules can be adjusted for employees who are dismissed for gross misconduct.
Specialist Difficulty: 5 of 5
Practical Guide
Sources and References:
  • Income Tax Earnings and Pensions Act 2003.

In this podcast Mark Gearing, a solicitor at Field Fisher Waterhouse, gives a comprehensive review of the major schemes for employees acquiring shares in their employer. The advantages and disadvantages of each are discussed at length, as are the tax implications both for CGT and Income Tax. The distinction between HMRC-approved and un-approved plans is explored with regard to the qualifying criteria and what categories of shares may be issued. Concerning share options, the matter of when options can be exercised and what events might disqualify an employee are explained.

Podcast added: 30/03/09

Podcast last reviewed: 2011-09-30

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