Advised private equity housing and investee companies
Qualified solicitor
London
@alvarezmarsal
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Chris Prout is a Senior Director with Alvarez & Marsal Tax U.K. in London. He brings more than 25 years of experience in equity compensation. Mr. Prout has worked with clients across a range of industries, including biotech, fashion, financial services, aircraft, and commodities.
Most recently at A&M, Mr. Prout advised private equity housing and investee companies on the structure of their multi-jurisdictional equity remuneration arrangements. He also advised on the design of equity plans for large-listed companies and drafted plan rules and agreements to implement the approved designs. Mr. Prout has advised clients regarding the impact of various transactions on their incentive arrangements, including initial public offering, trade sale, and buy out.
Prior to joining A&M, Mr. Prout spent 13 years with the International Transaction Tax Group at Ernst & Young in London, where he most recently served as an Executive Director.
Mr. Prout earned bachelor’s degree in law and an LLM degree from the University of Bristol. He is a Qualified Solicitor.
With management teams growing more international, it is common for employees who have been tax resident in the U.K. for many years to also become subject to taxation in another country.
In this article for employers, we have highlighted the key aspects of the Chancellor’s Spring Statement from last week in relation to employee share schemes and summarised how this will affect employers.
As we head into 2023 and given the uncertain economic outlook, Private Equity funds and portfolio companies will be looking at their management equity plans (‘MEPs’) from several standpoints to ensure these have the desired incentive effect for the management team. Whilst doing nothing may seem like the easy option, often it will be in the best interests of both investors and management to restructure the management equity plan.
Following the change in Chancellor in recent days to Jeremy Hunt, a number of the previously announced tax changes from the Mini-Budget have now been, to a large extent, reversed.
Latest insightsThe latest insights from Chris Prout's team
The Autumn 2024 Budget confirmed the previously announced abolition of non-domiciled status for tax purposes from 6 April 2025, ending a long established and understood tax regime for individuals who come to the UK without the intention of settling here permanently.
