Gift of shares to employees
Company is looking to issue new shares to an employee equating to 5% of the company share capital.
Can the market value of the shares be claimed as a deduction for calculating corporation tax?
If this is the case, will the employee pay tax over through self assessment rather than the company deducting through PAYE? Can I assume also that they will not be considered RCAs and no NI will be payable?
The company is a private limited company currently owned by 2 individuals.