UK tax-advantaged share options are granted under written arrangements which are required to comply with legislative requirements contained in Part 7 and the relevant...
[insert name of company adopting the EMI scheme] (Company)—[insert Company number] Minutes of a meeting of the [remuneration committee of the] board of directors of the...
[insert name of company whose shares are under option] (the Company)—[insert Company number] Minutes of a meeting of the [remuneration committee of the ] board of...
[insert name of company adopting the EMI scheme] (Company)—[insert Company number] Minutes of a meeting of the [remuneration committee of the] board of directors of the...
ARCHIVED: This archived Practice Note provides background reading on the main differences between the EMI guidance in ESSUM and where it can now be found in ETASSUM. It...
Companies in both the US and the UK have a long history of involving employees in equity ownership, and both countries have provided tax breaks and implemented other...
[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (Company) Option to be granted...
[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (the Company) I am delighted to...
I, [insert full name of option holder], refer to the option over [insert number and class of shares under option] shares of £[insert nominal value of each share under...
This Agreement is made on [insert date of execution of the share option agreement] Parties 1 [insert name of Company whose shares are being granted under option]...
Not realising a disqualifying event has occurred is one of the most common reasons why unintended income tax and National Insurance contributions (NICs) (employer’s and...
Although enterprise management incentives (EMI) options can be enormously tax efficient, they also pose potentially large pitfalls. If not drafted and implemented...
This Agreement is made on [insert date of execution of the agreement] Parties 1 [insert name of acquiring company whose shares are being granted under the replacement...
Enterprise management incentives (EMI) schemes and company share option plans (CSOPs) are both tax advantageous discretionary share option schemes used widely in the UK....
Rules of the [insert name of company granting EMI options] enterprise management incentives Scheme 1 Definitions and interpretation 1.1 Definitions In this Scheme, except...
This Agreement is made on [insert date of execution of the share option agreement] Parties 1 [insert name of company whose shares are being granted under option]...
Coronavirus (COVID-19): It is our understanding that, while the current coronavirus situation is ongoing, HMRC’s EMI valuation acceptance periods have temporarily been...
Capital gains tax—basic principles When a person disposes of an asset and makes a profit that is capital in nature, this has the potential to be a taxable capital gain....
This Practice Note details the following: • the EMI annual return form • the pre-registration and timing of completion of the annual return • reportable events • nil...
Enterprise management incentives (EMI) schemes are tax advantageous discretionary share option schemes used widely in the UK. EMI schemes have the potential to provide...
EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth companies to recruit...
The EMI regime is prescriptive and sets out numerous requirements that must be met at the time the options are granted, including in relation to: • the company granting...
The enterprise management incentives (EMI) scheme is a highly flexible and tax-efficient scheme designed specifically for small/medium-sized businesses. The EMI regime is...
The criteria for an enterprise management incentives (EMI) rollover are complex, this note will examine: • what is an EMI rollover? • the reasons for using an EMI...
[insert option holder’s name] [insert option holder’s address] Dear [insert option holder’s name] Offer to rollover an option granted under [insert name of scheme/details...
The enterprise management incentives (EMI) regime is prescriptive and sets out numerous requirements that must be met at the time the options are granted, including in...
