Policy paper
Enterprise Management Incentives extension of time-limited exception to working time requirements
The tax information and impact note is about an extension to the time limited exception to working time requirements.
Documents
Details
This measure ensures that, until 5 April 2022, individuals who are furloughed or who have their working hours reduced below the current statutory working time requirement for EMI as a result of COVID-19 will retain access to the scheme’s tax advantages. This will apply both to existing participants of EMI schemes and in circumstances where new EMI share options are being granted.
Published 3 March 2021