Categories:Employment,UK

Employee shareholder status

As from 1 September, companies are now able to enter into employee shareholder agreements with employees. Under these agreements employees give up certain employment rights (including unfair dismissal rights, the right to statutory redundancy pay and the right to request flexible working) and can acquire shares worth between £2,000 and £50,000 with certain tax advantages (including an exemption for capital gains tax).

Although this sounds like a relatively simple concept, the implementation will be complex and requires companies to follow a procedure set out in the Growth and Infrastructure Act 2013 and take advice on employment law, company law and tax law. We set out most of this detail in an article in Taylor Wessing’s Law at Work in May 2013.

Since then the Department of Business, Innovation and Skills and HMRC have been busy producing guidance on employee shareholder status and guidance on the tax treatment. This has answered some questions…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer

Overview

5 New Street Square
London
EC4A 3TW
UK
http://www.taylorwessing.com

Turnover (£m): 241.20
No. of lawyers: 860 (UK 200)
Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers: 67 (International 50)

Jobs