Guidance

Submit an Enterprise Management Incentives (EMI) notification

TellSubmit a notification and tell HMRC about a grant of an EMI share option — if you’re an employer who operates EMI employment related securities (ERS) schemes.employer.

From:
HM Revenue & Customs
Published
4 March 2014
Last updated
610 FebruaryOctober 2024 — See all updates

An Enterprise Management Incentives (EMI) scheme is a tax advantaged share scheme that you can beoperate operatedif byyour qualifyingcompany independent trading companies with has:

  • assets of £30 million or less and less than
  • 250 employees.employees or less

EMI share options can be granted to eligible employees.

Before you submit a notification

  1. YouRegister must tellyour EMI scheme — if you have not already done so.

  2. You’ll get a reference number online within 7 days.

  3. Tell HMRC about athe grant of an an EMI option within option.

You must tell HMRC:

  • within 92 days of the date of grant — if the option was granted before 6 April 2024.

    2024
  • by 6 July following the end of the tax year the grant was made in — or you risk losing any tax benefits for you and your employees

If it was granted on or after 6 April 2024, you must tell HMRC about this on or before 6 July following the end of the tax year in which the grant is made.

If you fail to notify HMRC within these deadlines you risk losing any tax benefits for you and your employees.

You

How need to tell HMRC about your EMI scheme before you can submit an EMI notification.

WithinYou’ll 7need daysto ofdo registeringone yourof scheme you’ll receive a reference number. When you have it, you can tell HMRC about the grant of an EMI option.following:

Tell
  • download HMRC about a granttemplate of— anif EMIyou’re option

Toproviding telldetails HMRCfor aboutmore athan grant30 ofemployees

  • go anstraight EMIto option, you’ll need the Governmentonline Gatewayservice user— IDif andyou’re password you used when you told HMRC about the EMI scheme.

    If you are providing details for 30 employees or less,less

    • If you canneed filla intemplate

    1. Download the detailsEMI online,notification you may want to take screenshots of each page and save them.template.

    2. IfComplete youthe aretemplate providing— detailsfollow forthe moreguidance thannotes 30if employees,you you’ll also need to:them.

      1. DownloadSubmit and complete the EMI notification template.using the online service.

      2. Upload

      Submit thean template.EMI notification

      You’ll need the Government Gateway user ID and password you used when you told HMRC about the EMIEnterprise Management Incentive scheme.

      Start now

    The online service will not save the details once you have submitted your notificationnotification, and you willmay notwant beto abletake toscreenshots accessof themeach again.page — if you’re using a template you should save a copy of the file.

    What happens next

    Keep a copy of the information and the confirmation that HMRC have received your EMI notification for your records.

    If you are uploading the notification template, you should save a copy of the file.

    Updates to this page

    Published 4 March 2014
    Last updated 610 FebruaryOctober 2024 + show all updates

    1. We have updated the guidance with more information about when to tell HMRC about a grant of an Enterprise Management Incentive (EMI) option.

    2. We have updated the guidance with more information about when to tell HMRC about a grant of an Enterprise Management Incentive (EMI) option.

    3. Before you submit your employment related securities return or notification, you need to save a copy of it for your own records. This is because the online service will not save the details and you will not be able to access them again.

    4. More information about how to tell HMRC about a grant of an EMI option has been added.

    5. First published.

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