In a somewhat last-minute announcement, HMRC have changed the way that they expect EMI options granted prior to 6 April to be notified. Rather than requiring that all EMI options are notified electronically from 6 April, regardless of their date of grant, HMRC now only require that EMI options granted after 6 April 2014 are notified online. This means that those options which have already been granted but not yet notified on Form EMI1, must still be notified in the normal way by sending the completed EMI1 to the Small Companies Enterprise Centre.

All EMI options granted from next week onwards will need to be notified online.