Enterprise Management Incentives (EMI)

Autumn Budget 2026: Enterprise Management Incentives (EMI)

There have been a few amendments to the existing EMI scheme, which will all take effect from 6 April 2027:

• The exercise window within which EMI options must be exercised following a disqualifying event will increase from 90 days to 180 days.
• Companies eligible for EMI that are arranging to become controlled by employee ownership trusts (EOT) can continue to grant qualifying EMI options during the period of transition.
• As previously announced, the notification requirement for EMI option grants will be removed and grants will instead be reported through the EMI annual return.

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