2020 20.05

One key consideration for businesses to consider when looking to furlough staff will be those employees who are on EMI Schemes. Qualifying tax rules on granted share options are very strict for employees and require employees to work a minimum number of hours in the business and meet certain employment criteria. Those who have been placed on furlough will still be employees but will not be working which could result in them not qualifying for the favourable tax treatment that EMI Schemes offer.

 To read the entire text: https://bit.ly/2XkHQ14