Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what tax incentives are available to (a) employer share ownerships plans, (b) value workers' cooperatives and (c) other forms of mutual employment and membership.

The Government offers four tax-advantaged employee share schemes: Share Incentive Plans (SIPs), the Save As You Earn (SAYE) scheme, Enterprise Management Incentives (EMI), and the Company Share Option Plan (CSOP). These schemes offer a range of Income Tax and Capital Gains Tax reliefs on qualifying shares. Employee Ownership Trusts (EOTs) promote indirect employee share ownership through offering similar tax reliefs to employees, with EOTs holding shares on their behalf. EOTs also offer an Income Tax exemption on bonus payments to employees.

While there are no statutory Income Tax or Corporation Tax incentives specifically for mutual organisations, the Government recognises their value in delivering the services their members and communities need.