Discretion in EMI Share Options

Uncategorized 1 Minute

HMRC has today, 14th October 2022, published its long-awaited revised guidance on the use of discretion in EMI share options. This is the product of much “toing-and-froing” between HMRC and the Share Plan Lawyers, but does not alter either HMRC’s long-established practice or, insofar as it may be relevant, the position in law. The new guidance can be accessed here: https://www.gov.uk/hmrc-internal-manuals/employee-tax-advantaged-share-scheme-user-manual/etassum54300

Published by davidpetttax

David Pett Former solicitor valued for his strong advice to taxpayers on employment and corporate tax related issues. He is particularly respected for his deep knowledge of employee share schemes. Strengths: "Clear, clever, very commercial and highly responsive." "He really knows employment tax inside out." David Pett is a specialist counsel and member of Temple Tax Chambers, advising on tax, remuneration and employee share schemes. - Chambers Review

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