EMI—valuation and compliance

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Practice notes
How CSOPs work and key featuresThis Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the...
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The Quoted Companies Alliance (QCA) Corporate Governance CodeThe Quoted Companies Alliance (QCA) is an independent membership organisation that...
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Payments for a director’s loss of officeThe Companies Act 2006 (CA 2006) contains provisions relating to payments made by a company to a director as...
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19th May
Practice notes
How employment income is taxed—non-cash earnings or benefitsIn addition to cash earnings, such as wages or salaries, many reward packages include...
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19th May
Practice notes
IFPRU Remuneration CodeBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
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19th May
Practice notes
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
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19th May
Precedents
FORTHCOMING CHANGE: On 18 March 2021, it was announced that the government was launching a consultation on wide-ranging reforms to modernise the...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 19th May
Practice notes
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
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19th May
Practice notes
Non-executive directors—independenceThe concept of independence is key to provisions in the UK Corporate Governance Code (UKCG Code) on board...
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Produced in partnership with Advanced Boardroom Excellence 19th May
Practice notes
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
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Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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19th May
Practice notes
Unapproved share optionsWhat are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions...
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19th May
Practice notes
EMI—trading activitiesEMI Review: In the Spring Budget 2020, the government announced that it will review the enterprise management incentives (EMI)...
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19th May
Practice notes
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
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Produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard 19th May
Practice notes
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
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19th May

Most recent EMI—valuation and compliance content

Practice notes
EMI valuations for EMI schemesCoronavirus (COVID-19): On 8 June 2020 HMRC confirmed in its Employment Related Securities Bulletin 35 that any new...
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1st Aug
Practice notes
EMI—notification of grant of options to HMRCEMI Review: In the Spring Budget 2020, the government announced that it will review the enterprise...
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1st Aug
Q&As
If an enterprise management incentive option does not include express language permitting cashless exercise, would exercising director discretion to...
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31st Jul
Q&As
Can an option over newly issued shares still be enterprise management incentives (EMI) qualifying if there is no exercise price payable?The...
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31st Jul
Q&As
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...
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31st Jul
Q&As
What are the potential consequences of an EMI option having been granted and the articles of association subsequently being changed to include a drag...
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31st Jul
Q&As
Can an enterprise management incentives (EMI) option be granted unilaterally by the company?Enterprise management incentives (EMI) options may be...
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31st Jul
Q&As
How do I terminate a share scheme registered in error or that is no longer required?Details on how to terminate a registered share scheme are...
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31st Jul
Q&As
If no EMI options have been granted or exercised during the tax year, do I still have to complete an annual return?Any company whose shares are the...
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31st Jul
Q&As
What happens if a company grants enterprise management incentives (EMI) options in excess of the £3m limit?The aggregate of the market values of...
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31st Jul
Q&As
What are the filing requirements following an exercise of an EMI Option?There is a legislative requirement for companies who operate enterprise...
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31st Jul
Practice notes
EMI—HMRC annual returnEMI Review: In the Spring Budget 2020, the government announced that it will review the enterprise management incentives (EMI)...
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31st Jul
Practice notes
Amending subsisting tax-advantaged share option plansUK tax-advantaged share options are granted under written arrangements which are required to...
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Produced in partnership with Dan Sharman of Osborne Clarke and Michael Carter of Osborne Clarke 31st Jul
Q&As
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...
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31st Jul
Q&As
At what point in time can the EMI scheme be registered with the ERS online?Under the enterprise management incentives (EMI) legislation, there is no...
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31st Jul
Q&As
Can a share option over newly issued shares still be an enterprise management incentives (EMI) qualifying option if a cashless exercise facility will...
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31st Jul
Q&As
In what circumstances will HMRC give advance confirmation of the value of unlisted shares for employee share acquisitions, and how long will HMRC’s...
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31st Jul
Q&As
If the performance target on an enterprise management incentives (EMI) option is waived, will the option still be EMI qualifying?Although variations...
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31st Jul

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