Policy paper

Enterprise Management Incentives (EMI): simplification of the process to grant options

This measure is about the removal of the requirement to submit a notification of a grant of Enterprise Management Incentives (EMI) options.

• From: HM Revenue & Customs
• Published: 13 July 2026

Documents

Enterprise Management Incentives (EMI): removal of the requirement to submit a notification of a grant of options

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Draft legislation

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Draft legislation (accessible version)

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Explanatory note

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Details

The measure simplifies the administration of Enterprise Management Incentives (EMI). Companies will no longer need to tell HMRC separately when they grant their employees Enterprise Management Incentives options.   

Instead, a company will be required to report details of the grant of options through the existing EMI end of year return. 

The measure applies to options granted on or after 6 April 2027. 

The draft legislation which is being published on 13 July 2026, is open for technical consultation until 7 September 2026. Send any comments to the Employment Income Policy mailbox email employmentincomepolicy@hmrc.gov.uk for the attention of Anne Berriman.

Published 13 July 2026