HMRC have recently announced the end of paper EMI1 notifications.

It says “You can no longer make paper notifications for Enterprise Management Incentives (EMI) options granted from 6 April 2014. Notification of EMI options granted from 6 April 2104 must be made online using the Employment Related Securities Online Service. You must submit an online notification of a grant of EMI options within 92 days of the date of grant or they won't be qualifying options.”

The business must register online, via PAYE online for the employment related securities service in order to file the EMI1.


Shares, securities and options: tax compliance

Penalties: late filing of share scheme annual returns