This is likely to be introduced from 1 April 2013 and is aimed at SMEs. The scheme plans to offer employees between £2,000 and £50,000 of shares, with any gains being exempt from CGT. However, employees must give up some of their UK employment rights in return. It is certainly a novel idea, and whilst care is needed from a whole host of perspectives, it could well be attractive to many people and businesses. The CGT exemption is of course top of the list of attractions, particularly if the company is sold in the future. There is an up-front income tax and NIC charge, however, on the value of the shares given, but the latest news on this is that it may not apply to the first £2,000 worth of shares.