text_body: --- DIVISION TITLE ---
  
  Budget Resolution - 31 - Employee Shareholder Scheme Tax Exemptions
  
  --- MOTION EFFECT ---
  
  
  
  @ MP voted aye for tax exemptions to encourage the use of the scheme where employers are permitted not to extend certain otherwise statutory rights to those with employee shareholder status.  
  @ MP voted no against tax exemptions to encourage the use of the scheme where employers are permitted not to extend certain otherwise statutory rights to those with employee shareholder status. 
  
  The majority of MPs voted to make up to Â£2,000 of Employee Shareholder Shares free of income tax and national insurance, and to provide a capital gains tax exemption on up to Â£50,000 worth of such shares.
  
  The motion approved in this vote was:
  
  :That provision may be made in connection with the acquisition and disposal of employee shareholder shares.
  
  
  The employee shareholder scheme is an employee status where an employee is given shares worth at least Â£2,000 on receipt in return for which the employer is permitted not to extend unfair dismissal rights, rights to statutory redundancy pay and other employment rights to the employee.
  
  
  The section of the Budget Document[1] relating to the acquisition of such shares stated:
  :To ensure that the first Â£2,000 of share value received by those adopting the new employee shareholder status is free from income tax and NICs, the
  Government will legislate to deem that employee shareholders have paid Â£2,000 for shares they receive from 1 September 2013, when the new status comes into force.
   
  The section relating to disposal states:
  
  :As announced on 8 October 2012 and confirmed at Autumn Statement 2012, the Government will exempt from CGT gains on up to Â£50,000 of shares received by individuals adopting the new employee shareholder employment status. The CGT exemption will apply to shares received from 1 September 2013, when the new status comes into force.
  
  
  
  * [1] [https://www.gov.uk/government/publications/budget-2013-documents Budget 2013: documents]
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  