State aid approval continues for EMI

17 February 2020: HMRC has confirmed that state aid approval still applies to the Enterprise Management Incentive (EMI) following the UK leaving the EU on 31 January 2020.

In Employment Related Securities Bulletin 34, published on 11 February, HMRC confirms that state aid approval will continue at least until the end of the transition period on 31 December 2020.

In the Bulletin, HMRC also committed to providing further details on the new domestic regime, once known.