unapproved employee share ownership plan

unapproved employee share ownership plan

an EMPLOYEE SHARE OWNERSHIP PLAN that does not comply with the requirements of UK legislation on share schemes and hence is not approved by the INLAND REVENUE. These schemes do not attract the tax concessions available to approved schemes.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson