On 15 May 2018, the European Commission announced it has approved the UK Enterprise Management Initiative scheme under State aid rules. The prior approval period for the scheme expired on 6 April 2018. --- State aid: Commission approves prolongation of UK Enterprise Management Initiative scheme The European Commission has approved under EU State aid rules the prolongation of the UK Enterprise Management Initiative scheme, which reduces the taxation of employee share options for small and medium sized enterprises (SMEs). Under the scheme, employees of SMEs will benefit from reductions from income tax and/or national insurance contributions, when exercising their share...