Business News 15 Jan 2013

EMI changes 'to boost company investment incentives'

Businesses are being alerted to proposed changes to the rules on Enterprise Management Incentive (EMI) schemes, following the publication of the draft 2013 Finance Bill last month.

As part of the proposals, the Government is planning to change the way it calculates the holding period for eligible shares.

Under the draft legislation, the one year holding requirement for Entrepreneurs' Relief will be taken from the date of grant of the qualifying EMI option, rather than the date of exercise.

In addition, legislation will be introduced to extend the relief to EMI shares by removing the 5% minimum shareholding requirement. The changes will apply to shares acquired on or after 6 April 2012 that are disposed of on or after 6 April 2013.

Read more at http://tinyurl.com/a8696yb