Clients should note that on 6 April 2018 EU State Aid approval for the EMI scheme expires. The effect is that share options granted in the period from 7 April 2018 until EU State Aid approval is received may not be eligible for the tax advantages currently enjoyed by EMI schemes.
HMRC is advising companies who are considering the grant of EMI options to delay doing so until renewal of EU State Aid has been secured. For the full guidance note issued by HMRC follow this link.
If this affects you or your business and you would like further details please get in touch.
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