This came up recently and I can't seem to find any guidance on it. HMRC website says that shares paid in lieu of cash are taxed and NI'd, but the cooperative I was talking to seemed mystified by this and not convinced that different rules applied to them. This may be true, but I can't find anything to support it. Frankly, since I'm hoping to join that cooperative, I hope they're right.
Can anyone help me here and can you cite a source I can share with them when you do please?
Thanks