Enterprise Management Incentives – extending the deadline to notify grant of options

The measure

The measure extends the time limit for a company to notify HMRC of the grant of Enterprise Management Incentives (EMI) options. Currently, companies have to notify HMRC within 92 days of granting the option. This deadline will be extended to 6 July following the tax year in which the options were granted. 

Who will be affected?

Those companies who make use of the EMI scheme. 

When will the measure come into effect?

This will take effect for options granted on or after 6 April 2024.