What is an EMI share scheme?
An EMI share scheme is a government-backed share option plan designed for small and medium-sized enterprises (SMEs). It allows businesses to grant tax-efficient share options to employees, incentivising them to contribute to the company’s long-term success. These schemes offer significant tax advantages, both for the employer and employee, making them a popular choice for companies looking to motivate and retain key staff.
To qualify for an EMI scheme, businesses must meet certain eligibility criteria set out by HMRC, including size restrictions and trading activities. In addition, specific conditions must be satisfied when awarding and exercising share options to ensure the tax benefits remain applicable.
How we can help
Our experienced EMI scheme solicitors provide comprehensive legal support to businesses considering the implementation of an EMI share scheme. We offer expert advice on structuring and drafting scheme documentation, ensuring compliance with HMRC regulations, and handling employee agreements.
We assist clients by:
- Assessing their eligibility for an EMI scheme
- Drafting and reviewing share option agreements
- Ensuring compliance with relevant company law and employment regulations
We also work alongside your tax advisor to:
- Ensure compliance with HMRC regulations, including notification and reporting
- Manage tax implications
With our support, your business can implement an EMI scheme that aligns with legal requirements and provides maximum benefits to employees and shareholders alike.
Why choose us?
Our firm has a strong reputation for providing high-quality legal advice in employment and corporate law. We are committed to delivering practical and effective legal solutions tailored to the unique structures and goals of each business.
We hold accreditations from leading legal bodies, including membership in the Employment Lawyers Association and recognition from The Legal 500 for our expertise in employment law matters. Our solicitors have a proven track record of assisting businesses in successfully implementing share schemes, ensuring compliance with corporate and tax legislation.
Our client-focused approach ensures that businesses receive clear, strategic advice, with a commitment to minimising legal risks and maximising the benefits of EMI schemes.
Contact us
If you require expert legal assistance with an EMI share scheme, our specialist solicitors are here to help. Contact us today to discuss your requirements and learn how we can support your business.
Call us on 01616 966 229 or complete our online enquiry form to arrange a consultation with one of our EMI scheme solicitors.