NEWS
EMI tax relief extended
May 15, 2018
Enterprise Management Incentives (EMI) are tax-advantaged arrangements for granting share options to employees of smaller companies, with gross assets of no more than £30 million and fewer than 250 employees. European Union (EU) State Aid approval for EMI expired on 6 April 2018 and there was concern that income tax and NICs relief for EMI options would not be available for a period. However, the European Commission decided on 15 May 2018 that it would not object to the extension of tax relief for EMI. This approval applies until 6 April 2023 or, if earlier, when the UK ceases to be a member of the EU.
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