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<p>No impact on UK productivity is anticipated. HM Revenue and Customs (HMRC) has
not withdrawn valuation services that are most relevant to small and medium sized
enterprises including Enterprise Management Incentives (EMI), Company Share Option
Plans (CSOP), Save As You Earn share option schemes (SAYE), Share Incentive Plans
(SIP) and Employee Shareholder Status (ESS).</p><p> </p><p>HMRC has, however, announced
a review of the valuation services for those schemes and is consulting interested
parties.</p><p> </p><p>HMRC has withdrawn valuation checks for income tax and PAYE
that are not part of these recognized employee ownership schemes. Most people submitted
acceptable valuations and therefore the valuation service was not seen as needed.</p><p>
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