Submit an Enterprise Management Incentives (EMI) notification
Tell HMRC about a grant of an EMI share option if you’re an employer who operates EMI employment related securities (ERS) schemes.
An EMI scheme is a tax advantaged share scheme that can be operated by qualifying independent trading companies with assets of £30 million or less and less than 250 employees. EMI share options can be granted to eligible employees.
You must tell HMRC about a grant of an EMI option within 92 days of the date of grant if the option was granted before 6 April 2024.
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 need to tell HMRC about your EMI scheme before you can submit an EMI notification.
Within 7 days of registering your scheme you’ll receive a reference number. When you have it, you can tell HMRC about the grant of an EMI option.
Tell HMRC about a grant of an EMI option
To tell HMRC about a grant of an EMI option, you’ll need the Government Gateway user ID and password you used when you told HMRC about the EMI scheme.
If you are providing details for 30 employees or less, you can fill in the details online, you may want to take screenshots of each page and save them.
If you are providing details for more than 30 employees, you’ll also need to:
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Upload the template. You’ll need the Government Gateway user ID and password you used when you told HMRC about the EMI scheme.
The online service will not save the details once you have submitted your notification and you will not be able to access them again.
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.
Last updated 6 February 2024 + show all updates
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We have updated the guidance with more information about when to tell HMRC about a grant of an Enterprise Management Incentive (EMI) option.
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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.
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More information about how to tell HMRC about a grant of an EMI option has been added.
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First published.