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Employee Shareholders

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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." Query whether this entitles an employer to insist on an automatic buy-back of shares, say after one month, to avoid the employee having any long-term shareholding.

On a lighter note, here's a summary of the views of the Twitterati on employee shareholders. And here is the Daily Telegraph on Saturday reporting the British Chamber of Commerce has had no enquiries about take-up for employee shareholder status.