Enterprise Management Incentives

Hand-drawn sketch of an HMRC EMI share valuation: AMV and UMV per share, the 90-day agreement window and the funding round that resets it

EMI Share Valuations: Getting HMRC Agreement Without Surprises

EMI share valuation explained: what HMRC's Shares and Assets Valuation team checks, why valuations get challenged and how to get agreement first time.

Hand-drawn biro sketch showing SEIS, EIS and EMI running side by side in one company with the order of operations and key limits

Enterprise Management Incentives

Can a Company Use SEIS, EIS and EMI at the Same Time?

How SEIS, EIS and EMI work together: share rights, optional HMRC valuation agreement, founder interests, funding sequence and employee buybacks.

Hand-drawn sketch comparing EMI and unapproved share options tax treatment for UK founders

Enterprise Management Incentives

EMI vs Unapproved Options: Which Is Right for Your Company?

EMI options and unapproved share options both incentivise key people. Understand the tax treatment, when each is right, and where each breaks down.

Biro sketch of EMI option exercise timeline on a trade sale with 90-day window and BADR rate labels

Enterprise Management Incentives

EMI Options on a Trade Sale: What Survives, What Disqualifies, and What You Must File

When your company is sold, EMI option holders face key decisions on timing, BADR eligibility and ERS filing. Steve Livingston FCA explains the framework.

Hand-drawn sketch comparing exit-only and time-based EMI option structures for UK founders

Enterprise Management Incentives

Exit-Only EMI vs Time-Based Exercise: The Strategic Choice Founders Get Wrong

Should your EMI scheme be exit-only or time-based? Steve Livingston LLB FCA explains the strategic choice, BADR implications and the disqualifying event trap.

Hand-drawn sketch showing the EMI 6 July notification deadline timeline under FA 2024

Enterprise Management Incentives

EMI Notification Deadline Under FA 2024: The 6 July Rule and the End of the 92-Day Window

For EMI options granted on or after 6 April 2024, the notification deadline is 6 July following the tax year end. Here is what changed and how to comply.

Hand-drawn sketch showing EMI scheme eligibility decision tree under the Budget 2025 limits

Enterprise Management Incentives

EMI Scheme Eligibility From 6 April 2026: Does Your Company Now Qualify?

New 500-employee and £120m gross asset limits took effect on 6 April 2026. Find out whether your company now qualifies for EMI options and what to do next.

Hand-drawn sketch showing EMI disqualifying event timeline and 90-day exercise window

Enterprise Management Incentives

EMI Scheme Complications: Disqualifying Events and What To Do

A disqualifying event in an EMI scheme triggers income tax on option gains if not acted on within 90 days. Find out what counts and how to protect your position.

Hand-drawn sketch showing EMI disqualifying event timeline with 90-day exercise window

Enterprise Management Incentives

EMI Scheme Disqualifying Events: What Triggers Them and What You Need to Do

An EMI disqualifying event removes your employees' income tax exemption. Learn what triggers them, the 90-day exercise window, and what to do next.

Hand-drawn sketch comparing EMI eligibility thresholds before and after 6 April 2026 changes

Enterprise Management Incentives

EMI Scheme Eligibility: What the April 2026 Changes Mean for Your Company

From 6 April 2026, the EMI gross assets limit rises to £120m and headcount cap to 500 FTE. Find out if your company now qualifies for EMI options.

Hand-drawn sketch showing EMI share valuation waterfall with OPM allocation and DLOM discount steps

Enterprise Management Incentives

EMI Share Valuation: How HMRC Assesses Option Prices and How to Negotiate an Agreed Value

HMRC's SAV team is challenging EMI valuations harder than ever. Find out what they check, how discounts work and how to get an agreed value accepted.

Hand-drawn sketch showing EMI advance assurance application process with HMRC eligibility checklist and timeline

Enterprise Management Incentives

EMI Advance Assurance: What HMRC Checks and How to Get Your Application Right

Applying for EMI advance assurance? Learn what HMRC needs, how long it takes, common reasons for refusal, and how to strengthen your application.