Pricing

Fixed fee packages for EMI, EIS and SEIS

EMI

EMI pricing - The EMI Solution Package £2995 and other EMI service prices

We have set up many EMI share option schemes (both for clients and on behalf of other accounting firms) and we are able to offer realistic economic rates that suit growing entrepreneurial companies. The preparation of EMI schemes is one of our core activities and our approach is highly efficient. Typically we can deal

with the documentation by phone, post and email but if you would like a ‘full service’ basis, which would include face-to-face meetings (which can encompass presentations to staff for example) we are very happy to undertake this too.

  • Services
  • Fixed fee £2995  
  • Additional fee  
  • EMI Option Agreement providing for the grant of EMI options exercisable either based on time vesting, performance measures or on an exit/sale of the company and incorporating standard leaver provisions. Includes discussion and advice on how to structure your scheme.
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  • Review of your Articles to assess conformance with the EMI scheme
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  • HMRC Share Valuation Application consisting of carrying out the valuation, writing the letter to HMRC requesting agreement to the proposed share valuation, compiling supporting documentation and then any dialogue or negotiation with HMRC if required.
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  • Help sheets to guide you through every step of the process.
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  • A briefing document for employees showing the key terms of an EMI agreement including the tax implications.
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  • Board minutes approving the terms of the EMI Option Agreement and the grant of EMI options.
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  • Formal notice of the grant of the EMI options to HMRC
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The services listed above should provide you with everything you need to set up your EMI option scheme. In some cases you may want other work carried out as below.

  • Visit by us to your premises e.g. to explain scheme to your staff.
  • £750  
  • Advance assurance application, if necessary, to HMRC (for clearance that the company is eligible for EMI purposes) including preparing and sending the letter to HMRC requesting advance assurance, and the supporting documentation. Not usually needed for most companies.
  • £595  
  • Share split – you may need to divide your shares to enable the option scheme if you have a small number of existing shares e.g. 100 £1 shares, which could be split to 10,000 1p shares (facilitates granting of small percentages for the option shares). Includes preparation of board minutes and shareholder resolution.
  • No fee if part of the EMI fixed fee package  
  • Annual service plan - we take care of your annual HMRC reporting requirements, and provide the documents required when employees exercise their options. Always available to advise on any EMI matters by phone or email.
  • £249 p.a.  

Separate fixed fee services:

  • HMRC Share Valuation Application only - consisting of the letter to HMRC requesting agreement to the proposed share valuation, compiling supporting documentation and then any dialogue or negotiation with HMRC if required.
  • £1750 - £2250 depending on size and complexity  
  • All legal work as per the fixed fee list above, but with no HMRC Share Valuation Application
  • £1895  
  • Unapproved share option scheme – where you wish to grant options to someone who is not an eligible employee, such as a non-exec director or consultant. This is a legal contract between the company and the person and unlike EMI, is not governed by any HMRC legislation in terms of content.
  • £595 if required alongside an EMI scheme  
  • £895 standalone  

Important notes:

1. For the fixed fee service, if there are more than five option holders we may charge a modest extra fee, just to cover additional admin

EIS / SEIS

The EIS Solution Package £995

A complete service to set your company up for EIS, including advice on eligibility for EIS, obtaining advance approval from HMRC, advice on how to structure your scheme, and filling in the official forms after completion of your funding so that investors get their tax relief.

When you are looking to raise funding from investors, and want to offer EIS as an incentive, it's important that you can provide evidence that the company is definitely EIS-eligible. We will write to HMRC seeking EIS approval and this will be confirmed in writing by them; you can then show this letter to potential investors so that they are confident of getting the tax reliefs. After the investment round has completed, we then fill in application forms which are sent to HMRC. Tax certificates are then sent to the company by HMRC and investors use these certificates to obtain tax relief when they do their annual tax returns.

If you require additional company secretarial work, such as new share classes or share splits, alongside an EIS assignment, we can provide such services at very competitive fees.

The SEIS Solution Package £995

A complete service to help your company source equity funding by setting up an SEIS scheme. This includes advice on eligibility for SEIS, obtaining advance assurance from HMRC, advice on how to structure your scheme, and filling in the official forms after completion of your funding so that investors get their tax relief.

When you are looking to raise funding from investors, and want to offer SEIS as an incentive, it's important that you can provide evidence that the company is definitely SEIS-eligible. We will write to HMRC seeking SEIS approval and this will be confirmed in writing by them; you can then show this letter to potential investors so that they are confident of getting the tax reliefs. After the investment round has completed, we then fill in application forms which are sent to HMRC. Tax certificates are then sent to the company by HMRC and investors use these certificates to obtain tax relief when they do their annual tax returns.

Typically the company will be eligible for EIS as well if it qualifies for SEIS.