EMI
Following the government's review of enterprise management incentives (EMI), changes were announced in the Spring Budget to relax certain requirements for the grant of EMI options. Whilst a long list of qualifying requirements remains, this will somewhat simplify the process.
From 6 April 2023, the changes are as follows:
Other share plans
For companies who do not qualify for EMI, changes announced last Autumn also take effect on 6 April 2023 and may enable them to operate another UK tax favoured discretionary option plan, the company share option plan (CSOP). The changes will double the individual CSOP limit to £60,000 and relax the current share class restrictions, widening access to companies with multiple share classes.
EMI
Following the government's review of enterprise management incentives (EMI), changes were announced in the Spring Budget to relax certain requirements for the grant of EMI options. Whilst a long list of qualifying requirements remains, this will somewhat simplify the process.
From 6 April 2023, the changes are as follows:
Other share plans
For companies who do not qualify for EMI, changes announced last Autumn also take effect on 6 April 2023 and may enable them to operate another UK tax favoured discretionary option plan, the company share option plan (CSOP). The changes will double the individual CSOP limit to £60,000 and relax the current share class restrictions, widening access to companies with multiple share classes.