EMI after April 2026: A guide for larger businesses

Frequently asked questions

• Is my business eligible for EMI?

  Eligibility depends on a combination of factors, including company size, independence, trading activity, and employee working requirements. The April 2026 changes mean more businesses now qualify, but the rules still need to be assessed carefully.

  If you’re unsure where you stand, you can take our EMI eligibility quiz.

• How do we know if we're ready?

  Eligibility is only the starting point. Readiness depends on governance, data quality, and how equity is currently managed.

  If you cannot easily map existing grants, explain your cap table, or produce audit-ready records, those gaps should be addressed before expanding EMI.

  You can assess this using the EMI Readiness Diagnostic.

• Is EMI worth implementing today?

  For many larger UK businesses, the expanded limits make EMI viable where it was previously not.

  The benefit is not just tax efficiency but the ability to offer meaningful equity at scale. The real value comes when EMI supports retention, hiring and alignment across the business, rather than being treated as a standalone tax decision.

• Can we run EMI alongside our existing equity schemes?

  Yes. Many companies operate EMI alongside CSOP, unapproved options or overseas plans. EMI can be introduced for qualifying UK employees while other schemes remain in place.

  The key is ensuring everything fits within a single, coherent equity strategy rather than creating parallel complexity.

• What happens to our existing equity if we introduce EMI?

  You are not required to replace existing schemes. Many businesses retain current grants and introduce EMI for future awards, creating a gradual transition.

  Some choose to restructure or regrant options to simplify their equity setup. This depends on your objectives, tax position and how aligned your current schemes are with future plans.

  For further clarity, book a free, no-obligation consultation today.

• How does Vestd support EMI implementation and management?

  Vestd provides a centralised equity platform designed for UK companies issuing shares and options. It allows you to:

  • Manage multiple schemes in one place

  • Maintain accurate grant records

  • Automate compliance and reporting

  • Prepare for audit and due diligence

  We also support companies through the implementation process and ongoing management as participation grows.