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This publication is available at https://www.gov.uk/government/publications/employment-related-securities-bulletin/employment-related-securities-bulletin-28-may-2018
The employment related securities (ERS) bulletin provides information and updates on developments relating to employment related securities, including the tax-advantaged employee share schemes.
This bulletin contains articles on Enterprise Management Incentives Share Scheme.
Send any queries about this bulletin to Shareschemes@hmrc.gsi.gov.uk.
The bulletin will be published as and when sufficient articles or updates are available, or when HMRC has an item that it wishes to bring to your attention quickly. We welcome any suggestions for future articles although we cannot guarantee publication.
Companies and advisers concerned with the grant of Enterprise Management Incentives share options
On 15 May 2018, the European Commission announced its decision not to raise objections to the prolongation of the Enterprise Management Incentives scheme on the grounds that it is compatible with the internal market of the EU.
More information is available on the Commission’s competition website, under the reference SA.47789.
This decision means that the Enterprise Management Incentives scheme continues to operate in the same way as described in HMRC’s current guidance and practice, for employment related securities options validly granted and exercised as Enterprise Management Incentives share options.
No changes have been made to the scheme.
You must submit electronically your employment related securities annual return for 2017 to 2018 on or before 6 July 2018, following the end of the tax year.
All new schemes established during 2017 to 2018 must be registered by 6 July 2018.
After the 6 July 2018 the following types of new schemes, established during 2017 to 2018 cannot register or submit an annual return:
- Company Share Option Plan (CSOP)
- Share Incentive Plan (SIP)
- Save As You Earn (SAYE) schemes