EMI retains state aid approval

HMRC confirmed in Employment Related Securities Bulletin 34 that state aid approval of Enterprise Management Incentive (EMI) still applies following the UK leaving the EU on 31 January 2020.

The bulletin confirms that state aid approval continues at least until the end of the transition period on 31 December 2020.

HMRC also undertook to provide further details on the new domestic regime, once known.