Guidance

Submit an Enterprise Management Incentives (EMI) notification

Tell HMRC about a grant of an EMI share option if you’re an employer who operates EMI employment related securities (ERS) schemes.

An EMI scheme is a tax advantaged share scheme that can be operated by qualifying independent trading companies with assets of £30 million or less. EMI share options can be granted to eligible employees.

You must tell HMRC about a grant of an EMI share option by submitting an EMI notification within 92 days of the date of the grant, or you risk losing any tax benefits for you and your employees.

You need to tell HMRC about your EMI scheme before you can submit an EMI notification.

Within 7 days of registering your scheme you’ll receive a reference number. When you have it, you can tell HMRC about the grant of an EMI option.

Tell HMRC about a grant of an EMI option

To tell HMRC about a grant of an EMI option, you’ll need the Government Gateway user ID and password you used when you told HMRC about the EMI scheme.

If you have 30 or more employees, you’ll also need to:

  1. Download and complete the EMI notification template.
  2. Upload the template. You’ll need the Government Gateway user ID and password you used when you told HMRC about the EMI scheme.

You’ll get confirmation that HMRC have received your EMI notification, which you should keep for your records.

Published 4 March 2014
Last updated 5 October 2018 + show all updates
  1. More information about how to tell HMRC about a grant of an EMI option has been added.
  2. First published.