On 14 October 2024, HMRC published Employment Related Securities Bulletin 57. Among other things, it includes details of updated guidance on the EMI 'independence tests' and the types of arrangement which may cause a company not to meet these requirements.
The Bulletin also points to updates HMRC has made to its collected guidance on share plan registration and annual reporting requirements and to HMRC's new guide for employers, which sets out a high-level overview of points for employers to consider when implementing and operating employee share plans in the UK.
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