Tax and Employee Share Schemes

5. Enterprise Management Incentives (EMIs)

If you work for a company with assets of £30 million or less, it may be able to offer Enterprise Management Incentives (EMIs).

You can buy shares of up to £250,000 without paying Income Tax or National Insurance on the difference between what you pay for the shares and what they’re actually worth.

You may have to pay Capital Gains Tax if you sell the shares.

Excluded activities

Companies that work in ‘excluded activities’ aren’t allowed to offer EMIs. Excluded activities include:

  • banking
  • farming
  • property development
  • provision of legal services
  • ship building