Employee-owner scheme divides opinion
Government plans to let employees swap rights for shares have received a mixed reaction from accounting and union professionals.
The Chancellor announced at the Tory conference yesterday that from April next year, employees would be able to forfeit their rights and instead receive company shares worth between £2,000 to £50,000. The shares would be exempt from capital gains tax, and the scheme would be voluntary and aimed towards small-to-medium, fast growing businesses.
Rights they would have to give up include: