Categories:Employment,Tax,UK

Employee shareholders from 1 September 2013

By Katy Meves

From 1 September it will be possible for companies to engage staff as employee shareholders, a new type of employment status with tax benefits.

Controversial legislation comes into force on 1 September that introduces the new employment status of ‘employee shareholder’. The government was forced to make several late changes to its proposals earlier this year in order to ensure the relevant provisions of the Growth and Infrastructure Act 2013 passed the parliamentary process.

An employee shareholder may be recruited on that basis or may be an existing employee who agrees to change status…

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