Entrepreneurs relief: directorships and employment

The First-tier Tribunal (Tax Chamber) has allowed a claim for entrepreneurs’ relief by the former director of a company on the basis that he was an employee of that company after he resigned from it, but not a director or shadow director of it.

The tribunal found that the work that he undertook between resigning his directorship and selling his shares was significant and went beyond that which might be expected of a former director who retained a significant shareholding