On 4 April 2018 HMRC issued a bulletin which revealed that, as EU State Aid in respect of EMI schemes had not yet been renewed.
EMI share options granted between 6 April 2018 and the date on which EU State Aid is renewed may not qualify for the many tax advantages of the scheme. Luckily, it was announced on 16 May 2018 that EU State Aid has been renewed and will be in effect until 6 April 2023, subject to Brexit negotiations.
HMRC have not yet published any guidance in respect of EMI options granted in the period from 6 April 2018 to 16 May 2018 but most opinions suggest that they will be unaffected by the lapse in funding.
To find out more about EMI schemes and how they could benefit you, follow the link to our online flyer.
If you would like to discuss your personal or businesses tax affairs please call a member of our tax team, or follow the contact us link below.
Chesterfield office: 01246 559955
Sheffield office: 0114 2671617
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David Robinson
As a Tax Partner, I advise clients on all aspects of UK tax, ranging from business taxes, transactions and private client matters, helping to achieve the objectives and aspirations of businesses and their owners.
View my articlesTags: Business News, Business Taxes
