Share Valuation: The Wisdom On Price-Setting For Your Employee Share Schemes

Share valuation is a key step in the design and implementation of an employee share scheme for an unquoted company. Tax or fiscal valuations in the UK are subject to special rules which have evolved over time out of a combination of case law and legislation. Whether a valuation is acceptable for tax purposes is ultimately a matter for HMRC.  HMRC’s Shares & Assets Valuation Office reviews and agrees on share valuations for the tax-advantaged employee share schemes, previously known as tax-approved schemes. Since HMRC withdrew its facility for Post-Transaction Valuation Checks and PAYE Health Checks for valuation, it is vital that your valuation is rigorous in order to ensure that it is credible and capable of a robust defence if subsequently challenged by HMRC.  David Craddock, as an expert employee share schemes consultant and expert share valuation consultant, as well as Technical Secretary to the Share Valuation Worked Examples Group (WEG) is well placed to guide us on price setting for Esops. Speaker:   David Craddock is an independent consultant specialising in employee share ownership and reward management. A recognised authority on the subject, he is the author of The Tolley’s Guide to Employee Share Schemes, along with many other essential books and courses.  David’s clients range from major public limited companies with international considerations to smaller private companies where the requirements are for Enterprise Management Incentives, tax-unapproved share scheme arrangements and market-making employee share trust structures. David has successfully established employee share schemes and employee benefit arrangements worldwide and to date has travelled to over 30 countries to personally facilitate their introduction. He enhances his service through a long experience in share reconstructions and share valuation.  David is a regular conference speaker for the Esop Centre and senior examiner for The ESOP Institute in London in relation to The Certificate in Employee Share Ownership Studies, the material for which he is author and principal authority. Interested in watching our webinars live, or taking part in the production of our research? Join our community at: https://bit.ly/3sXPpb5