Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans he has to promote employee share ownership schemes and on what basis tax exemptions should apply to beneficiaries; and if he will make a statement.

The Government wants to support hard-working people to share in the success of the businesses for which they work.

To encourage this, the Government offers several tax-advantaged employee share schemes: Employee Ownerships Trusts (EOTs), Share Incentive Plans (SIP), the Save as You Earn (SAYE) scheme, Company Share Option Plans (CSOP), and the Enterprise Management Incentives (EMI) scheme. These provide a range of tax benefits to participating employees and businesses. More information on the schemes can be found here: https://www.gov.uk/tax-employee-share-schemes.

By sharing financial rewards with staff, businesses can better motivate their workforce, support productivity and help recruit and retain staff. The Government keeps all employee share schemes under review, to ensure that they remain effective in these ways.