11 June 2018

EU Approves EMI Share Options

An update on EU State Aid approval.

On 4 April 2018, HM Revenue & Customs announced that EU State Aid approval for EMI share options was to expire on 6 April 2018. Whilst a fresh approval had been applied for, pending its outcome, there was some doubt whether any EMI share options granted in the period from 7 April 2018 until EU State Aid approval was received, would be eligible for the EMI tax advantages.

The EU announced, on 15 May 2018, that State Aid approval has now been issued, and so all is now well, though we are still waiting to hear the Revenue’s view on the tax position on any EMI share options that might have been issued in the period 6 April 2018 to 15 May 2018.

If you have any questions please contact David Boyd who will be happy to discuss this further with you.
 

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