Chancellor George Osborne announced in his Budget speech that he intended to place a lifetime limit of £100,000 on the capital gain which can be exempt from capital gains tax (CGT) acquired under Employee Shareholder Agreements entered into after 16 March 2016.
A profit-sharing scheme provides a way for employees to secure a slice of the business they're working so hard towards, but Thomson Snell & Passmore's Nicholas Gabay looks at some other more manageable alternatives.
The government’s employee shareholder scheme was introduced in September, but SMEs have shown little interest, are business right to ignore the new employment contracts?
The arrival of new employee contracts was one of the more interesting announcements in the Budget 2013.
The proposal to introduce a new employee shareholder status has sparked an ongoing battle between the two Houses of Parliament.
In a blow to the Conservative's plans last year, the House of Lords has voted to reject the clause included in the Growth and Infrastructure Bill that introduced the concept of employee shareholders.
Now that the Employee Shareholder Scheme is set to be implemented, we look at how the scheme will work – and what policies an SME should have in place.