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Tuesday 16 April 2013

MH Employment

Government’s proposed ‘employee-shareholder’ scheme – who does it really benefit?

The Government is seeking to introduce a new “employee-shareholder” status under section 27 of the Growth and Infrastructure Act (the “Act”). Initially due to take effect from 6 April 2013, this scheme is currently due to come into force on 1 September 2013. The scheme is intended to provide small to medium businesses with more flexibility and also to reduce the likelihood of employment claims being brought against employers in the Employment Tribunal. Whether it will have these effects is, however, highly debatable.

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