HMRC have published guidance on tax rules that apply to the employee shareholder status, a new employment status, available from 1 September 2013, reports Harris & Co chartered accountants.
Employee shareholders have different employment rights to employees, and are awarded at least £2,000 worth of shares in their employer or a parent company.
The guidance covers the special tax rules for shares received under an employee shareholder agreement, which will apply from the launch of the new employment status on 1 September 2013.