Employee Shareholder Status — opportunity for tax-free growth for employee shares
Since 1 September 2013, employers may offer employees a new form of employment relationship — that of ‘employee shareholder’. The new employment relationship was implemented by the Growth and Infrastructure Act 2013, which amends the Employment Rights Act 1996.
In essence, an individual who becomes an ‘employee shareholder’ will exchange some of their UK employment rights for shares (employee shareholder shares) in the business they work for.
Limited relief from income tax and National Insurance contributions (NICs) will be available on acquisition of the employee shareholder shares and an exemption from capital gains tax (CGT) will be available on disposal of those shares. The tax reliefs were introduced in the Finance Act 2013…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
News from Nabarro
Briefings from Nabarro
Nominet, the UK’s registry operator, has announced that, from summer 2014, shorter .uk domain names will be made available for registration.
The Safe Harbor scheme is of key importance to transatlantic trade.
Analysis from The Lawyer
Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm. Google’s ...
A few UK200 firms – such as DWF – have managed to grow in the downturn. A few, such as Berwin Leighton Paisner, have come back stronger than ever after a wobble. Nabarro fits into neither category.