EMI options may not qualify for tax relief

The Enterprise Management Incentive (EMI) allows selected employees (often key to the employer) to be given the opportunity to acquire a significant number of shares in their employer through the issue of options.

Call 01603 624812 or email enquiries@berry-warren.co.uk

The Enterprise Management Incentive (EMI) allows selected employees (often key to the employer) to be given the opportunity to acquire a significant number of shares in their employer through the issue of options. An EMI can offer significant tax advantages as the share option scheme allows options to be granted to employees which may allow the shares to be received without any tax bill arising until the shares are sold.

HMRC have warned that EMI share options granted in the period from 7 April 2018 until EU State Aid approval is received may not be eligible for the tax advantages presently afforded to option holders, and accordingly share options granted in that period as EMI share options may necessarily fall to be treated as non-tax advantaged employment-related securities options meaning that the options may be taxable when exercised.

To read more, please visit the link below or contact us for specific advice.

Internet link: GOV.UK EMI Bulletin

Why you should choose us...

We have many clients in the local community and service businesses, small and large, across many sectors...

Learn more

Berry & Warren is a trading name of Berry & Warren Ltd.

Berry & Warren Ltd, 54 Thorpe Road, Norwich, Norfolk NR1 1RY
Also at: 10 Fairland Street, Wymondham, Norfolk NR18 0AWTel: 01953 604707 Fax: 01953 600629

Registered Auditor. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C011002423. All audit work will be undertaken by BW Audit Ltd.
Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England & Wales

Directors: D J Mann FCA, ATT, J C Woodcock FCA, T Chapman FCA, R W Cullum ACA, J Fox FCA. All are directors of both Berry & Warren Ltd and BW Audit Ltd.

VAT Registration: 992508487 Company number: 06272957 Registered in England & Wales.

Contact Details

Please call:
01603 624812

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy | Help |

© 2024 Berry & Warren Ltd. All rights reserved. powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.