• Guidance on New Employee Shareholder Status

    The government has produced guidance on employee shareholder status, which came into force yesterday (1st September 2013).


    An interesting point is that the government states: “If an employee shareholder sells their shares, their employment status does not change. A change of employment status would require a change of employment contract to alter the employment status.” As Daniel Barnett has queried could this then entitle an employer to insist on an automatic buy-back of shares, say after one month, to avoid the employee having any long-term shareholding.

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