EMI Share Scheme Support

An EMI, or Enterprise Management Incentive Scheme, is a government scheme that allows companies with assets of £30 million or less to reward their key staff with share options in the business. These employees will not have to pay Income Tax or National Insurance if they buy the shares for at least the market value they had when they were granted the options. Using a service such as Sleek allows you to get the most out of EMI.

Most companies with assets of less than £30 million are eligible for EMI options. However, there are some industries that exclude companies from being able to use the scheme. These include: banking, farming, property development, provision of legal services and ship building. For guidance on EMI options, it’s best to use an accountant service such as Sleek which will streamline the entire process.

EMI schemes allow businesses to attract and retain the best staff. Employees benefit from tax-free shares and are more likely to invest long-term in companies they otherwise might not. They can also be given the right to buy their shares at any time within 10 years, offering true flexibiliy to all parties. For guidance on EMI options, it’s best to use an accountant service such as Sleek which will streamline the entire process.

An EMI scheme allows employees to get tax free shares; this occurs after the business has been registered for EMI and shares have been valued by HMRC. Registering for an EMI is an intensive process that involves a lot of admin; using an accountants such as Sleek will ensure that everything is prepared efficiently and accurately. We also connect with your employees to reassure and encourage them to invest in your business.

EMI shares can be sold when a vesting schedule, the schedule that gives the employee stock options, is over or an exit has occured. For advice with navigating EMI shares and vesting schedules, it’s best to contact an accountants such as Sleek.