Good News for EMI
The EU have signed off on ‘State Aid’ rules which mean that it should be possible to start granting EMI share options again shortly. It is believed HMRC will announce an exact date soon. EMI …
Mind the Gap – EMI Share Options from 6 April 2018
HMRC have announced via their Employment related securities bulletin (No 27 – April 2018) that due to not having yet received EU State Aid approval for the EMI scheme (the previous approval expired on 6 …
Employment Related Securities – HMRC Withdraw Late Filing Penalty
We were recently successful in challenging HMRC penalties for late filing in relation to annual Employment Related Securities (ERS) reporting. In the case in question, a company had submitted an online ERS return the previous …
HMRC Consultation on Unapproved Employee Share Schemes
A consultation is currently in progress relating to proposed changes to the rules on unapproved employee share schemes and employment-related securities. The changes proposed could be quite radical and therefore advisors who deal with such …
HMRC Criticised in Share Scheme Tribunal Case – Benedict Manning V HMRC
HMRC were criticised for their handling of a recent employee share scheme case by the tribunal judge, who noted that they had conducted their investigation “without apparently troubling to look at the scheme rules”. The …