HMRC has issued a further Employment Related Securities Bulletin relating to employee share scheme practice (see: ERS Bulletin 38). This covers a number of points, including:

• Confirmation of the relief from the working time requirement for employees with EMI option on Furlough or who are working reduced hours due to coronavirus until 5^th April 2022.
• Highlighting the consultation on whether and how to expand EMI (see: EMI call for evidence). Pett Franklin will be responding to the consultation and we will publish details of our responses when they are available.