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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

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HM Revenue & Customs
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Enterprise Management Incentives (EMI): Qualifying companies: Gross assets requirements

The value of the company’s gross assets must not exceed £30 million at the date the EMI option is granted. If the company is a member of a group of companies, the limits are applied to the gross assets of the group as a whole, (Paragraph 12).

HMRC Statement of Practice SP2/06$attachments/etassumsp02.06.doc outlines how to value the gross assets of a company. The value of the gross assets is taken from the balance sheet, provided that the figures are drawn up in accordance with normal UK accountancy practice.