Q&As

How do I close down our EMI scheme with HMRC?

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Published on LexisPSL on 27/06/2017

The following Share Incentives Q&A provides comprehensive and up to date legal information covering:

  • How do I close down our EMI scheme with HMRC?

It is important to bear in mind that an enterprise management incentives (EMI) scheme cannot be closed down with HMRC until all options granted under it have either been exercised or have been cancelled or lapsed. Until then, it will be necessary to continue to notify HMRC of any chargeable events in relation to the EMI options in the company's annual online return to HMRC. Once there are no outstanding options, the EMI scheme can be closed down with HMRC by following the steps below. The same procedu

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