Alternative to EMI

Amending options

Annual return

Annual returns

Approval by HMRC

Advance clearance

Annual returns

Application for

Generally

Information

Scheme rules

Share valuation

Approved scheme

Capital gains tax

Entrepreneurs' relief

Generally

Use of EBT

Cessation of employment

Changes to FA 2013

Charge to tax

Exercise of option

Grant of option

Clearance procedures

Control, change of

Exchanging options on takeovers

Exercising options on takeovers

Corporation tax relief

Costs

Gain arising on exercise

Generally

Counted towards limit re EMI options

Disqualifying event re EMI

Eligibility

Employees

Scheme requirements

Shares

Value cap

Employee-control shares

Employer's discretion

Enterprise Management Incentives scheme

Entrepreneurs' relief

Establishing the scheme

Exemption from tax

Exercise of option, charge on

Application of s. 524

New exclusion from charge on company takeover

Exercise of options

Ceasing to be director or employee

Company events

Death

Generally

Generally

Grant of option

Grantor of options

Groups of companies

Immediate ownership (contrasted)

Implementation process

Income tax and NIC

Information

Leavers, treatment of

Generally

Restriction on use of discretion

Legislation

Mandatory requirements

Market value

Material interest restriction

Maximum value of shares held

National Insurance contributions

Non-transferability of options

Open market shares

PAYE

PAYE and NIC

Performance conditions

Performance targets

Phantom share schemes

Price requirements

Prohibitions on restricted shares

Relaxation of rules over successive years

Reorganisations

Reporting

Returns

Scheme organiser

Scheme requirements

Scheme shares

Different classes of

Generally

Ordinary share capital

Restriction

Share right restrictions

Smaller company

Take-up figures

Takeovers

Cash cancellation

Exchanging options on

Exercising options on

Generally

Roll-over of options

Tax relief for costs of establishing scheme

Tax treatment of

Taxation of employees

Exercise of options

Generally

Grant of options

Unacceptable features

Valuation of shares

Value per employee (limit on)

Variation of share capital