Enterprise Management Incentive Schemes

An Enterprise Management Incentives (EMI) scheme is a tax-advantaged employee share option scheme available for qualifying businesses. It is particularly relevant for smaller fast-growing private companies.

Your business will qualify for an EMI scheme if it meets certain conditions which include that it must have fewer than 250 employees and less than £30m of gross assets.

The gains made by employees under the option scheme are subject to Capital Gains Tax at a rate of 10%. This is in comparison to a potential 60.8% rate of combined rate of income tax and employee's and employer's national insurance contributions for unapproved options or cash bonuses.*

*subject to the necessary conditions being met.

Incentive scheme implementation

We combine high level strategic advice with a technology enabled documentation production process to ensure that your EMI scheme is set up to align with your business goals, while ensuring efficiencies of speed, administration and for a fixed cost.

You will also have the comfort to know that you are dealing with experienced technical advisers to help make sure that your EMI scheme is in compliance with the legislation. Sadly, we know that all too frequently EMI status can be lost due to procedural errors when it comes to business transactions! 

With PwC:

  • Our experienced professionals will help you design an EMI scheme that operates as a valuable incentive and retention tool for your key employees.
  • We will guide you through every step of the process.
  • Face to face or Virtual Skype meetings will allow us to get to know you and your business and for us to build a long term relationship.
  • Our streamlined process, with a technology enabled production of the legal documentation, ensures efficiency of time, administration and most importantly cost!

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EMI - what it could mean for your employees

The EMI video above provides a simple overview to employees of the implications of being granted EMI options and the expected tax treatment. This video uses an example scenario and could be tailored for a company’s specific EMI options and employees with company branding also available upon request.

View Transcript

Managing incentive scheme planning

Feasibility meeting (via videoconference)

Initial meeting to discuss whether EMI qualifying conditions are met and the key terms of the scheme (including who will be granted options, when they should be exercisable and leaver provisions).

Online questionnaire

Our 30 minute online questionnaire allows you to upload all of the necessary information for the full suite of EMI documentation to be created.

Automated document production

Full suite of tailored EMI documents prepared, including: advance assurance application, EMI scheme rules, personalised employee letters/certificates, employee and employer guides (setting out in simple terms how the scheme works) and board minutes.

These documents will be prepared within two working days or less following the accurate completion of the survey.

Documentation meeting (via videoconference)

Discussion meeting with your PwC professional to talk you through all of the documentation before you take it away to be signed.

Documents signed and uploaded to shared portal

The final signed documents are signed by the company and employees and can be uploaded to our clientsite portal.


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Contact us

Daniel Harris

Daniel Harris

Partner, PwC United Kingdom

Tel: +44 (0)7771 974777

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