Financial Times - Lexiconhttp://lexicon.ft.comTerm of the Day from the Financial Times Lexiconen(PICS-1.1 "http://www.classify.org/safesurf/" L gen true for "http://www.ft.com/" r (SS~~000 1))&copy The Financial Times Ltd 2014 'FT' and 'Financial Times' are trademarks of The Financial Times Ltd. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.client.support@ft.comTue, 16 Jun 2009 01:42:55 +0100Tue, 22 Jul 2014 15:29:28 GMTNewspapers15http://lexicon.ft.comhttp://lexicon.ft.comFinancial Timeshttp://im.media.ft.com/m/img/rss/RSS_Default_Image.gifhttp://lexicon.ft.comapproved share schemeshttp://lexicon.ft.com/Term?term=approved share schemes<p class="Default">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 income tax or national insurance on the acquisition of the shares and no capital gains tax on their disposal.</p> <p class="Default">There are currently four different types of approved share schemes; Share Incentive Plans, Save As You Earn Plans, Company Share Option Plans and Enterprise Management Incentive Plans.</p>Wed, 19 Mar 2014 16:03:00 +0000<p class="Default">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).&nbsp;The tax advantages differ depending on the specific type of share plan in force but may include no income tax or national insurance on the acquisition of the shares and no capital gains tax on their disposal.</p> <p class="Default">There are currently four different types of approved share schemes; Share Incentive Plans, Save As You Earn Plans, Company Share Option Plans and Enterprise Management Incentive Plans.[ref url=""]&nbsp;PwC, 2014&nbsp;<a href="http://www.ft.com/cms/s/2/43c3e75e-334e-11df-bc32-00144feabdc0.html">disclaimer</a>[/ref]</p>