Addleshaw Goddard

UK 200 2014 position: 22


European Employment Law Update — January 2014: UK

Development: introduction of new employee shareholder status.

Impact: a new employment status was created whereby employers are able to offer between £2,000 and £50,000 worth of shares in their company in return for the employee agreeing to give up certain employment rights, including the right to a redundancy payment and the right to bring a claim for unfair dismissal in most circumstances. The shares can be sold by the employee without attracting capital gains tax…

Click on the link below to read the rest of the Addleshaw Goddard briefing.

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