The purpose of this Practice Note is to explain the circumstances in which a corporation tax (CT) deduction may be available to a company in connection with an employee share scheme arrangement. This Practice Note outlines when a company may be entitled to a CT deduction for costs incurred in setting up and operating an employee share scheme, examines the availability of CT deductions under Part 12 of the Corporation Tax Act 2009 (which allow a CT deduction without the company having to incur a financial outgoing), and looks at corporation tax issues in relation to overseas employees. This Practice Note is written in partnership with Laura Gould of Reed Smith LLP.
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