ETASSUM52010 - Enterprise Management Incentives (EMI): Qualifying companies: Introduction

Paragraph 8, Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)

In order for a company to qualify for EMI, it has to meet certain conditions. These are:

• Independence (see ETASSUM52030),
• Having only qualifying subsidiaries (see ETASSUM52040),
• Gross assets (see ETASSUM52060),
• Number of employees (see ETASSUM52070), and
• Trading activities (see ETASSUM52100).

A company can request an advance assurance that it meets the qualifying conditions (see ETASSUM52020).