ITEPA 2003, Part 4, Ch. 10A (introduced by Finance Act 2014) provides a limited exemption for ‘qualifying bonus payments’ by certain companies. Two of the key requirements here are that:

(a)During at least the period of 12 months down to the date of payment of the bonus payment, the employer company must be, or be a member of a group the parent of which is, majority-owned by one of the Employee Ownership Trusts (‘EOT’);

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