Consultation on implementing employee owner status
The government is creating 'employee owner' status to give businesses more choice about contracts whilst maintaining appropriate protection.
Under this new status, employee shareholders will receive shares of at least £2,000 and the gains from the first £50,000 will not be subject to capital gains tax. Employee shareholders will have the same rights as employees excluding unfair dismissal (except where there is an automatically unfair reason or it relates to anti-discrimination law), certain statutory rights to request flexible working and time to train, and statutory redundancy pay. Individuals will also need to give longer notice if they intend to return early from maternity, additional paternity, or adoption leave.
The consultation sought views on how the government will implement the new status in practical terms. We have reviewed consultation responses and published the government’s response to the consultation in December 2012.
We also published a list of consultation respondents and copies of their responses in January 2013. See the ‘index of respondents’ to find a response from a particular individual or an organisation.