Valuations for EMI purposes
When EMI options are ready to be granted it is possible to contact HMRC and agree an appropriate valuation. The value agreed with HMRC remains valid for a period of time to allow companies to grant the options.
It was recognised that coronavirus (COVID-19) could lead to delays in granting EMI options so from 1 March 2020, the agreement period was extended from 90 days to 120 days.
This EMI extension, provided for in Employment Related Securities Bulletin 35, will end on 1 December 2022 and any EMI valuation agreement letters issued by HMRC on or after that date will be valid for 90 days only.
The HMRC guidance will be updated to reflect this change in the EMI valuation agreement period.
You can email any issues concerning VAL231 to savexternal.mailbox@hmrc.gov.uk.
If you are submitting enquires by post, our address is:
Charities, Savings and International 1
HMRC
BX9 1AU
Alternatively, you can submit your enquiries by email to: shareschemes@hmrc.gov.uk.
If you need to disclose sensitive information, and have concerns about sending this by email or post, you should send a short email:
- without any sensitive data
- with details of how we can contact you
We’ll get back to you as soon as possible to arrange an alternative.
HMRC will store any correspondence you send securely for information purposes only.
Make sure you include the relevant share scheme reference number if you have one when you contact us about share schemes. If you have not provided the share scheme reference, HMRC may not be able to respond to or answer your query.
You can find more information on how to identify your share scheme reference number in Employment Related Securities Bulletin 25.
Changes to HMRC email addresses
We’ve been making changes to our email addresses in HMRC. You may have noticed that instead of our email addresses ending in @hmrc.gsi.gov.uk, they now end @hmrc.gov.uk.
Any emails that you send to our old email addresses will still redirect to us.
If you have any questions, feedback or suggestions for future articles you should email: shareschemes@hmrc.gov.uk.
