Policy paper
Changes to employee share schemes, including Company Share Option Plan and Enterprise Management Incentives
This tax information and impact note is about changes to the rules for employee share schemes.
Documents
Details
This measure makes changes to the Company Share Option Plan (CSOP) and Enterprise Management Incentives (EMI), which are tax-advantaged employee share schemes. It also changes certain non-tax-advantaged share options.
The measure will:
- increase the individual option limit for CSOP
- remove the interaction between the CSOP and EMI option limits
- increase the maximum exercise period for CSOP options
- increase the period that certain tax-advantaged and non-tax-advantaged shares and share options are excepted from the disguised remuneration rules
- extend the Employee Ownership Trusts exception in the EMI rules
- increase the EMI exercise window following disqualifying events
The changes will take effect from 6 April 2027.