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  • "Employee Ownership Trust" Explained - Webinars in 2023

    Created: 01/12/2022

    Following last year’s successful ‘Employee Ownership Explained’ webinar series, Co-operative Development Scotland, part of Scottish Enterprise, will be hosting a further 3 free webinars on the Employee Ownership Trust that will go beyond the facts and figures.  These webinars will focus on the current and future employee ownership landscape, the legal aspects of the employee ownership and the accountant’s input to employee ownership.

     

    What is the Employee Ownership Trust (EOT)?

    An employee ownership trust (EOT) is a method of share ownership whereby employees hold a controlling stake in the company for whom they work, via a trust. An employee ownership trust is similar to an employee benefit trust (a trust set up to provide benefits to employees in the form of shares or share options), with additional tax advantages.

     

    What will the webinars cover?

    Aimed at professional advisers these expert webinars will explore different aspects to help advisers broaden their knowledge and equip them to support their clients in making informed decisions. The webinars are also relevant for business owners looking towards succession planning. The full series is as follows, please follow the links to book a place:

     

    The employee ownership landscape and view of the future

    31 January 2023, 10:00 - 11:00am

    Graeme Nuttall OBE will talk about best practice when it comes to the design and implementation of the EOT. He will also give some insight into current proposals to streamline and improve the EOT legislation and will give a view on the longevity of the legislation, and how the world of employee ownership may look in the future.

     

    The legal aspects of the employee ownership transaction

    22 February 2022, 10:00 - 11:00am

    Bruce Farquhar from Anderson Strathern will cover the requirements of the Employee Ownership Trust (EOT) legislation and look at the merits of opting for Corporate Trustee or individual trustees.  He will talk about how the vendors can be protected within the parameters of HMRC rules and will touch on the composition of the Trust Board. 

     

    The accountant’s input to the EOT transaction

    22 March 2023, 10:00 - 11:00am

    Linzi Wilson from Consilium Chartered Accountants will talk through reaching a valuation for a sale to an EOT and look at how the deal can be funded.  It is usual for these transactions to be funded primarily or solely by deferred consideration by vendor and Linzi will discuss how this can be structured. She’ll also look at tax clearances and meeting HMRC requirements.




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