New changes to the UK Prospectus Rules
No need to publish a prospectus if certain conditions of total consideration are met
HMRC's crucial step into the future for EMI schemes
Today we received an email from HMRC agreeing a valuation for an EMI share scheme...
What IS an employee (this is not a silly question!)
If you’re running an employee share scheme is it always obvious who your employees actually are?
EMI - the economic rationale is alive and kicking
Recently the government issued a report by HMRC evaluating the EMI scheme.
The dog ate my share plan return and other excuses
HMRC are not known for accepting excuses for late filing of your share scheme annual returns
Corporate Finance Associate vacancies
We are seeking two Corporate Finance Associates with a minimum of 3 years’ experience
Agreements Matter - what a founder overlooked
We asked both founder and employee the impact of setting up an EMI scheme
When an EMI scheme won't work - the alternative
EMI is a great employee share scheme, but don't forget the tax advantaged CSOP
Interesting nuggets about EMI state aid approval
Businesses breathed a sigh of relief on 16 May when the EU commission announced ..
EMI options given green light by European Union
In April 2018, HMRC created concern that the availability of EMI tax relief was in doubt....
Most EMI's are not affected by lack of EU state aid
Temporary breach of EU law by the UK government could (in theory) negate tax reliefs for EMI…
Getting your share plan right - how much is too much?
How do you work out how much to give away under your share plan or option scheme....
EMI tax advantages and EU state aid withdrawal
There’s been plenty of noise in the last week about EU state aid and EMI options
Performance Targets - be careful what you wish for
Performance targets are a common feature in share plans, but are they really necessary?
Share plan return time is rapidly approaching
As we approach the end of the tax year our Operations Team start to think about share plan returns
Age discrimination and employee share plans
It may be appropriate for employers to discriminate based on age, but only in certain circumstances
Subsidiaries can stop company EMI qualification
Companies wishing to grant EMI options must meet certain requirements. One of these ....
Share scheme penalties for late returns
Dealing with share plan returns sounds pretty unexciting – until you get a penalty for not doing it…
Your share plan – get the first step right
We recently published an outline checklist for putting in place a share plan. Step one on that…
When is the best time to grant EMI options?
It goes without saying that, when share prices are low, that’s a good time to grant options, if…
What information should go in an EMI option agreement?
Some of the details needed in an EMI option agreement are self-explanatory – typically…
EMI qualifying requirements in a 'post-Brexit world'
Why don’t all other tax-advantaged employee share plans and EOTs have exclusions for…
Messed up notifying HMRC of an EMI award?
During April this year, HM Revenue and Customs (“HMRC”) updated their guidance about errors...
Directors' discretion - be sure to handle with care
Many private companies are keen to implement a flexible share scheme and will frequently choose a…
HMRC valuation submissions - if it ain't broke?
When submitting an Enterprise Management Incentive (EMI) valuation to HMRC for comment...
Don't get disqualified: how to check your EMI
Companies that operate EMI options, and employees participating in EMI schemes, benefit
Your Enterprise Management Incentive scheme
Don't get caught out and unintentionally disqualify your EMI. If you think that any of the...
Losing control: the EMI independence test
When a company becomes a subsidiary of another company, it clearly loses its independence – this is…
Loss of tax relief by disqualification: a cautionary tale
One of the tests for a company to qualify for EMI share schemes is that it is not “a 51%…
Entrepreneurial business share options & investors
Fast growing entrepreneurial business that implement EMI share options are very...
EMI qualification: are you trading with a view to profit?
If your company has made a loss and you want to claim Corporation Tax loss relief, the company...
EMI problem: closed door or locked door?
The Enterprise Management Incentive (EMI) legislation is complex and once you have...