EMI share options lose tax relief

The very generous tax reliefs available to employees who are granted share options under the Enterprise Management Incentives scheme (EMI) are classed as an EU State Aid.

This expired on 6 April and, unexpectedly, has not been renewed. We expect that this will be resolved in due course, but anyone who is currently in the process of setting up new EMI share options should pause because, as it stands, there will be no tax reliefs available for those new options.

Existing options granted before 6 April 2018 are unaffected and will continue to benefit from the generous tax reliefs.

For further advice on this or any other tax matters, please do not hesitate to contact Jane Parry on 01254 679131 or via email at jane.parry@pmm.co.uk.