Enterprise Management Incentives (EMI)
A consultation has been launched to consider whether these tax-advantaged employee option plans should be made more widely available.
Also introduced was an extension of exception to working time requirements until April 2022. This measure ensures that until the 5th of April 2022, individuals who are furloughed or who have their working hours reduced below the current statutory working time requirement for EMI due to COVID-19 will retain access to the scheme's tax advantages.
Even in these extraordinary times, share plans have proved invaluable, contributing to employees' savings, morale and engagement with the business. It has also provided lots of thought on how employee share plans can continue to carry these benefits forward in the future.
If you want to hear more on this topic, we will be speaking at the upcoming ESOP Centre On-line Share Plans Symposium from 23 to 25 March.
You can find more information here.