The Growth and Infrastructure Act 2013 introduced an ‘employee shareholder status’ into the Employment Rights Act 1996. For an individual to qualify for this status both he and the employing company must agree to enter into an agreement whereby the company allots or issues him with fully paid up shares in itself or its parent company worth not less than £2,000, and the individual sacrifices some of his existing employment rights (Employment Rights Act 1996, s. 205A). For commentary on the ‘employee shareholder shares’ regime see ¶471-500ff..
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.