Growth and Infrastructure Bill

AMENDMENT
TO BE MOVED
IN COMMITTEE

[Supplementary to the Fifth Marshalled List]

After Clause 28

LORD FLIGHT

95*

Insert the following new Clause—

“Guidance on employee shareholder status

The Secretary of State shall, within two months beginning with the day on which this Act is passed, set out in guidance—

(a) the preferential tax treatment applicable to employee shareholder status including illustrative examples;

(b) the respective rights of—

(i) employee;

(ii) employee shareholders; and

(iii) worker employment status;

(c) an explanation of how employee shareholder status gives individuals a share in the risk of companies; and

(d) a model employee shareholder contract for early stage companies.”

Prepared 6th February 2013