Budget 2008: EMI option limit increased, but fewer companies will qualify

by PLC Share Schemes & Incentives

Published on 12 Mar 2008 • England, Wales

The Chancellor has announced three key changes to the EMI option regime:

1. Only companies with fewer than 250 employees will be able to grant EMI options (from the date Royal Assent is granted to the Finance Bill 2008).

2. The three year EMI option grant limit has been raised to £120,000 from £100,000 (from 6 April 2008).

3. Shipbuilding, steel and coal production will be excluded trades (from the date Royal Assent is granted to the Finance Bill 2008).

This note discusses the significance of these changes.

Budget 2008: EMI option limit increased, but fewer companies will qualify | Practical Law