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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

From
HM Revenue & Customs
Updated
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Enterprise Management Incentives (EMI): Option notifications: Annual returns – Self assessment

If employees exercise an EMI option and an income tax liability arises which is not taxed in full by the employer and paid through the PAYE system, then the employee will need to state the amount of income tax due in their self assessment tax return.