Resources

We’ve collected here below all the information you might need to set up and maintain your EMI option scheme through Simply Equity. We also provide topical and other information on EMI options that you might find useful in ‘Insights‘.

If you can’t find what you need on EMI options, please do get in touch. We’d be happy to help.

Key reasons to implement an EMI scheme

Why not give employees shares or more money?

Can my company use EMI?

Why is a low share valuation good for EMI?

What are UMV and AMV? What is an exercise price?

What is an option pool and how big should it be?

Who should get EMI options and how many?

What are the different types of EMI options?

Any issues on employees becoming shareholders?

How to deal with leavers holding options

What are the tax advantages of EMI?

What happens when a ‘disqualifying event’ occurs?

How different are non-qualifying options?

What are section 431 and NICs joint elections?

What are key timings for EMI option schemes?

Register your EMI scheme and add Simply Equity as tax agent

What is an EMI annual return?

Who can witness signatures on an option agreement?

Updates April 2023

Restrictions on shares
On EMI options granted on or after 6 April 2023, employer companies are no longer required to detail within the share option agreement the details of any restrictions on the shares that can be acquired.
Working time declaration
On EMI options granted on or after 6 April 2023, employer companies are no longer required to declare that an employee has signed a working time declaration, retain the signed working declaration and provide the employee with a copy. This does not remove the working time requirement itself, only the requirement for the employee to sign a working time declaration.
EMI notification deadline
On EMI options granted on or after 6 April 2024, the previously very strict deadline to notify EMI options to HMRC within 92 days of grant will be replaced by 6 July following the end of the relevant tax year.
Capital gains tax: annual exempt amount
From the tax year 2023 to 2024 the annual exempt amount will be £6,000 for individuals. For the tax year 2024 to 2025 and subsequent tax years the annual exempt amount will be permanently fixed at £3,000 for individuals.

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