Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that the government will launch a review into enterprise management incentives scheme (EMI).
The EMI scheme is a tax-advantaged share option scheme designed for smaller businesses, enabling them to reward staff with equity participation. The review will aim to ensure the scheme provides adequate support for high-growth organisations to recruit and retain the best talent in order to scale up effectively, and examine whether more employers should have access to the scheme.
A spokesperson from global compliance organisation Tapestry, said: "It will be interesting to see whether any significant changes are proposed to the EMI scheme following this consultation. Depending on any restrictions imposed by the UK’s state aid rules after Brexit, it might be that this scheme, and its generous tax benefits, could be made available to larger businesses."
