EMI scheme adoption
Scheme rules, HMRC valuation, notification and first grant.
Oxford's tech and life-sciences ecosystem runs on employee equity — EMI options for early-stage teams, growth shares for later hires, and unapproved options for anyone outside the EMI perimeter. Getting the design right is a compounding investment.
Oxford founders, CFOs and boards designing or updating employee equity schemes.
HMRC EMI rules have tightened around eligibility and filings. Growth shares are increasingly the fallback for non-EMI-eligible hires.
Commercial matters involving Oxford businesses are typically dealt with at the Oxford Combined Court for County Court proceedings and Reading Employment Tribunal for employment claims. The commercial counterparty mix is shaped by the University, the NHS trusts around the John Radcliffe and the deep concentration of research-led occupiers at Begbroke, Harwell and the Oxford Science Park.
Scheme rules, HMRC valuation, notification and first grant.
Where EMI doesn't fit — non-executives, non-UK employees, or over-threshold companies — growth shares structured cleanly.
Pre-exit review of scheme, notices and cashless-exercise mechanics.
EMI status lost through eligibility drift.
Annual eligibility review.
Growth shares valued or structured in ways HMRC challenges.
Valuation and articles designed with HMRC positions in mind.
Speak to Radcliffe Enterprise Law for clear, commercial legal advice — by phone, video or in person.
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