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United Kingdom · Question · Written question

UIN 95238

Employee Ownership

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 September 2020

Last action

1 October 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

1 October 2020

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of reducing the Share Incentive Plan (SIP) holding period from five to three years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 September 2020

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of reducing the Share Incentive Plan (SIP) holding period from five to three years.

    Source: Commons

  2. 1 October 2020

    Answer

    Share Incentive Plans (SIPs) are tax-advantaged employee share schemes, intended to encourage businesses to share financial rewards with their staff, to help to motivate their workforce, support productivity and recruit and retain staff. SIPs provide gene...

    Source: Written answer

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