Employee Owner Status Update

In the last quarter of 2012 there have been ongoing discussions on a new kind of Employment status called Employee Owner Status, whilst this is still in parliament it is believed that it will come into effect from April 2013.

This class of employment status would ask the Employees to give up various rights in return for £2,000 – £50,000 shares  that are exempt from Capital Gains tax.  We will update you in our next newsletter.