Consultation outcome

Consultation on implementing employee owner status

From:
Department for Business, Innovation & Skills
Published
18 October 2012
Last updated
25 January 2013 鈥� See all updates
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Read the full outcome

Ref: BIS/12/1338

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Ref: BIS/12/1350

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Detail of outcome

The government response to the consultation on implementing employee owner status.

Original consultation

Summary

The government is creating 'employee owner' status to give businesses more choice about contracts whilst maintaining appropriate protection.

This consultation ran from
to

Consultation description

Under this new status, employee shareholders will receive shares of at least 拢2,000 and the gains from the first 拢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鈥檚 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 鈥榠ndex of respondents鈥� to find a response from a particular individual or an organisation.

Documents

PDF, 185 KB, 22 pages

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Updates to this page

Published 18 October 2012
Last updated 25 January 2013 show all updates

  1. Published responses to this consultation.

  2. First published.

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