How do I register a new EMI Scheme with HMRC?

You only need to register one EMI scheme with ERS, then all subsequent grants can be notified as part of that scheme. If this is your first EMI submission, please follow the instructions below.

If you already have an EMI scheme registered with ERS, bypass this step (step 1) and complete your initial notification (step 2) on your ERS-registered EMI scheme.

In both cases, the notification needs to be completed within 92 days of the grant date

Register an EMI scheme with ERS (step 1)

Register the scheme through the Employment Related Securities (ERS) section of HMRC's website. 

If you have an HMRC account with PAYE set up, log in here: https://www.gov.uk/log-in-register-hmrc-online-services 

Important: If you don’t have an account with HMRC Online Services for PAYE, please note that it can take up to 3 weeks to set up. There’s also a delay of 24 hours or more between registering a scheme (Step 1) and being able to complete the initial notification (Step 2). So be sure to leave enough time to carry out the notification before the 92-day deadline.

Locate the ERS link towards the bottom of the new style website or in the sidebar of the old style HMRC website.

 

Once in the ERS system select Register a scheme and then select Enterprise Management Initiatives (EMI).

 

Next you'll need to enter the details of the scheme. Select the tax year the scheme will start in and give the scheme a name — we recommend something along the lines of 'Company Name EMI scheme', as it can serve as an umbrella for all subsequent EMI schemes. 

The Corporation Tax Reference is your UTR number, and your Company Registration Number is the Companies House number given to you when you incorporated your business. Both of these fields may already be filled in, but if not you should be able to find these numbers on tax returns and invoices. 

 

The next page is a summary of the information you've entered and gives you the opportunity to make changes if needed. 

 

If all is correct, click Confirm to go to the declaration page. Clicking Next will confirm your submission and register your EMI scheme. Now you have a registered scheme, you won't need to do this process again. 

 

 

Once you have registered the scheme, you may be logged out. Don't worry, the information is saved. Just enter your login details to view your submission.

You'll then see your acknowledgement reference number. We recommend saving a copy and uploading it to Vestd when you complete your initial notification (step 2), as HMRC won't give you a receipt or be able to tell you anything about your submission. 

 

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