In-person Conference
Share Plans and Employee Incentives: Shaping New Developments into Solution-Focused Answers for Clients
Court-Proven, Solution-Focused Answers to 7 Thorny Challenges facing Experienced Practitioners: Directly from Top-Flight KCs, Accountants, Senior Juniors and Solicitors
Bookings have now closed for this conference
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Highly recommended
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Information you won't find elsewhere
Our experts talk under Chatham House Rule, so you get the best, most readily usable information they wouldn't share elsewhere
Programme
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09:30
Registration and coffee
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10:00
Chair's Introduction
Share plans and employee incentives: Shaping new law into solution-focused answers for your clients
Chaired by Mahesh Varia, Travers Smith
Mahesh edits the employment income chapter of “Revenue Law – Practice and Principles”. He advised Numis Corporation on the incentive aspects of its takeover by Deutsche Bank.
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10:10
Vermilion Holdings Litigation
Where are the grey areas following the Vermilion Holdings litigation on whether share options were granted “by reason of employment”?
Answered by Philip Simpson KC, Old Square Tax Chambers
Philip is "a major tax specialist - with an encyclopaedic knowledge of the law." He acted in Vermilion Holdings v HMRC [2021] over share options granted to a person who became a director.
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10:45
Valuation Methodologies
How do you create tax efficient structures in light of HMRC’s current approach to valuation methodologies, information standards and discounts?
Answered by Hannah Tipper, Deloitte
Hannah's specific interest is the valuation of non-quoted shares for complex employee incentive arrangements and transactions. She is highly experienced in leading negotiations with HMRC.
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11:20
Morning Coffee
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11:35
Growth, Flowering and Convertible Shares
How do you steer clients through the real-world complexities of growth shares, flowering shares and convertible shares, including in connection with a pre-transaction reorganisation?
Answered by Mark Ife, Herbert Smith Freehills
Mark is the author of “Employee Share Schemes” and “Employee Share Plans: International Legal and Tax Issues”. He assisted Sky with the competing takeover bids by Fox and Comcast.
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12:10
EOT realities
What is realistic and achievable in tax terms when selling a company out of an Employee Ownership Trust (EOT) and distributing trust assets, with examples of successful implementation?
Answered by David Pett, Temple Tax Chambers
David is a joint editor of “Employee Share Schemes” and a member of the Office of Tax Simplification’s share schemes working party. He acted in Vermilion v HMRC and Glais House v HMRC.
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12:45
Overrun
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13:00
Lunch
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13:45
CSOP issues
How do you control difficulties arising from the exercise of Company Share Option Plans (CSOPs) options within three years of grant, backed up by practical examples?
Answered by Fiona Bell, RSM
Fiona advised the Office of Tax Simplification on its two share schemes reports, and she chairs the Quoted Companies Alliance Share Scheme Experts Group. She is National Head of Share Schemes.
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14:20
EMI deal optimisation
How to deal with due diligence with respect to Enterprise Management Incentive (EMI) share plans; focussing on tax status pitfalls, particularly with regard to past actions and exercise of discretion?
Answered by John Dunlop, Tax Lawyer
John specialises in advising on share schemes of all types, particularly EMIs. He has "an excellent breadth of knowledge, understanding and strategic sense."
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14:55
EBT insights
What are the latest ideas and innovative approaches in developing tax-efficient structures for Employee Benefit Trusts (EBTs), with a focus on the ultimate company sale?
Answered by Ian Shaw, Korn Ferry
Ian is "acclaimed for his skill in employee share schemes and incentives." "He is technically astute, always commercial and excellent at simplifying matters for everyone to understand."
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15:30
Over-run
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16:00
Close of conference