Unapproved Share Plans

Some times the nature of the company or its particular requirements do not fit in with the constraints of operating an Inland Revenue approved arrangement. For example:-

• The articles of the company contain good leaver / bad leaver provisions which the Inland Revenue will not accept.
• The features of the shares of the company do not fit within the statutory requirements.
• The company wants to adopt terms for commercial reasons that are contrary to the legislative requirements for the tax efficient schemes.
• The company is a subsidiary of an international company which has schemes designed to meet its local requirements.
• The company has determined that its share schemes will operate the same way throughout the world rather than adapt them to different legislative environments.

Halliwell Consulting has wide experience of designing, drafting and implementing bespoke all employee share arrangements to deal with the above issues and other commercial circumstances requiring a bespoke arrangement.