Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

approved share schemes

UK employees offered shares as part of an approved (or tax advantaged) share scheme will be entitled to tax advantages subject to certain conditions being met. The share plan itself must conform with legislation and HMRC approval given for the tax advantaged status to apply (although from 6 April 2014 it will be possible to self certify some share schemes, rather than applying for HMRC approval). The tax advantages differ depending on the specific type of share plan in force but may include no...

UK Budget