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How can my employer pay the bik due for receiving private company ordinary shares?

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  • #1

    How can my employer pay the bik due for receiving private company ordinary shares?

    My employer has offered shares in a private company and have stated they will cover the tax liability when it's due, how can they legally pay this? Is it right for them to impose a repayment agreement for the tax paid if I exit the company within five years? Thank you for any advise!
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  • #2
    There are various schemes under which this may be possible. The government has schemes to encourage employee share ownership.

    And yes, that term can lawfully be imposed; such provisions are commonly used.
    Lawyer (solicitor) - retired from practice, now supervising solicitor in a university law clinic. I do not advise by private message.

    Litigants in Person should download and read the Judiciary's handbook for litigants in person: https://www.judiciary.uk/wp-content/..._in_Person.pdf

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