19 Apr 2018 2:35 PM

HMRC recently announced that EU State Aid on EMI options ended on 6 April 2018 and renewal has not yet been granted. Care needs to be taken for new options granted after 6 April and employers may wish to delay new grants until fresh EU State Aid approval has been given.

EMI share options granted in the period from 7 April 2018 until EU State Aid approval is received may not be eligible for the tax advantages presently afforded to option holders, and accordingly share options granted in that period as EMI share options may necessarily fall to be treated as non-tax advantaged employment-related securities options.