SolvedETASSUM52010 | Enterprise Management Incentives (EMI): Qualifying companies: Introduction
From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual
Paragraph 8, Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)
In order for a company to qualify for EMI, it has to meet certain conditions. These are:
Independence (see ETASSUM52030),
Having only qualifying subsidiaries (see ETASSUM52040),
Gross assets (see ETASSUM52060),
Number of employees (see ETASSUM52070), and
Trading activities (see ETASSUM52100).
A company can request an advance assurance that it meets the qualifying conditions (see ETASSUM52020).