The following Employment Tax guidance note Produced by Tolley in association with Ken Moody provides comprehensive and up to date tax information covering:
From a corporate perspective, the qualifying conditions for CSOPs are relatively relaxed. There are no restrictions on the gross assets of the company or group, nor on the number of employees that are able to work for them. Similarly, the type of business they operate makes no difference at all.
In other words, any company that wishes to do so, with the notable exception of a subsidiary company whose shares are not listed, is able to implement and benefit from the use of a CSOP.
HMRC guidance on general requirements which must be met is at ETASSUM41000 onwards.
Either a single company or a group can operate a CSOP. In a group situation, the main point to be satisfied is that the company which has established the scheme and over whose share options are to be granted must have control, either directly or indirectly, over any subsidiaries that wish to invite their employees to participate.
For these purposes, control is defined by ITA 2007, s 995. As a general rule, this means that any subsidiary company where the parent’s shareholding is over 50% should be able to take part.
The requirement relating
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