Q&As

If an enterprise management incentives option holder leaves the company, how must this be referred to in the annual return to HMRC?

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Published on LexisPSL on 08/09/2020

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

  • If an enterprise management incentives option holder leaves the company, how must this be referred to in the annual return to HMRC?

Any company whose shares are the subject of enterprise management incentives (EMI) options at any time during a tax year is required to submit an annual return in respect of the EMI options to HMRC. 

The following are reportable events, and the EMI annual return template has a separate worksheet tab for each of these, so that the company can input the relevant information in relation to that particular reportable event:

  1. adjustment of EMI options (with details to be reported under the EMI40_Adjustments_V3 worksheet tab)

  2. replacement of EMI options (with details to be reported under the EMI40_Adjustments_V3 worksheet tab)

  3. <•<
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