VIDEO: HMRC has approved my valuation, now what?

Your EMI valuation is valid for 90 days. During this time, you should:

a) Set up and adopt your scheme rules

b) Grant the options before the EMI valuation expires

The following HMRC reporting requirements don't need to be done in the 90 days of approval, but we encourage you to complete them in a timely manner:

a) Register your scheme with HMRC (guide here)

b) Notify HMRC by 6 July following the end of the tax year the grant was made (guide here)

Here's a step by step video on how to achieve these steps on our platform:

For a written step by step guide please see what to do after HMRC approves your valuation.

There's a separate video on how to set up a time based grant or milestone based grant here: VIDEO: How to Give Options to your Employees on SeedLegals

For other information please see:

• How to register your EMI Option Scheme with HMRC

• How to notify HMRC about the granting of an EMI Option

• Joint NIC Election: FAQs and how to get HMRC's approval