--- title: EMI Option Scheme important dates, don't miss them! description: Valuations for EMIs are usually valid for 90 days* from the date of the agreement. You may be able to extend this agreement period for a further 30 days by writing to the HMRC EMI team ("SAV"). Includ --- [Skip to content](https://help.seedlegals.com/en/2423121-emi-option-scheme-important-dates-don-t-miss-them#main-content) English Show submenu for translations ![special-case-sl-logo.png\]](https://help.seedlegals.com/hs-fs/hubfs/special-case-sl-logo.png?width=165&height=18&name=special-case-sl-logo.png) - [Blog](https://seedlegals.com/resources/?nr=1) Open main navigation Close main navigation - [Blog](https://seedlegals.com/resources/?nr=1) - English Show submenu for translations - [Home](https://seedlegals.com/) [Home](https://seedlegals.com/) How can we help? - There are no suggestions because the search field is empty. 1. [Help Centre (UK)](https://help.seedlegals.com/en?hsLang=en) 2. [Options and Option Schemes](https://help.seedlegals.com/en/options-and-option-schemes?hsLang=en) 3. [EMI Option Scheme - step by step guides on how to complete a valuation and grant options!](https://help.seedlegals.com/en/options-and-option-schemes?hsLang=en#emi-option-scheme-step-by-step-guides-on-how-to-complete-a-valuation-and-grant-options) # EMI Option Scheme important dates, don't miss them! When granting options under an EMI Option Scheme some things need to be done in a certain order and within a strict time limit.  ### EMI Valuations are usually valid for 90 days\* Valuations for EMIs are usually valid for 90 days\* from the date of the agreement. You may be able to extend this agreement period for a further 30 days by writing to the HMRC EMI team ("SAV"). Include written confirmation that no significant events have happened since the original valuation or are likely to happen in the period for which you’re asking for the extension. ### EMI options must be granted within 90 days\* A company must grant a option within 90 days\* of receiving an EMI valuation for that option to qualify for the agreed valuation.  Any options granted after that will not be covered by that valuation, and the company and employee could end up with hefty tax liabilities when the option is exercised later - so after that 90 days has elapsed you'll need to request another valuation before issuing the next batch of options. ### Employees have 7 or 14 days to countersign their Option Agreement The employee must return the signed Option Agreement within 7 or 14 days to the Company. Please check your individual grants to ensure the correct countersign window is followed.  ### You must inform HMRC by 6 July of an options grant **Grants made after 6 April 2024**: You must tell HMRC about a grant of an EMI option by 6 July following the tax year the grant was made in, as stated under schedule 5 Income Tax (Earnings and Pensions) Act 2003. If you don’t tell HMRC about the grant by 6 July, you risk losing any tax benefits for you and your employee. \----------------------------------------------------------------------------------------------------------------------- **Grants made before 6 April 2024**: You must tell HMRC about a grant of an EMI option within 92 days of the date of the grant under schedule 5 Income Tax (Earnings and Pensions) Act 2003. If you don’t tell HMRC about the grant within 92 days, you risk losing any tax benefits for you and your employee. ### You must do an annual return before 6 July The Company must complete an online end-of-year return on or before 6 July for each registered EMI scheme. - [Account, Login, Settings, Payment FAQs](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#main-content) - [Your Company Account](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#your-company-account) - [User Settings](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#user-settings) - [Login](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#login) - [Memberships](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#memberships) - [Billing & Payments](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#billing-payments) - [My Profile](https://help.seedlegals.com/en/account-login-settings-payment-faqs?hsLang=en#my-profile) - 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