On 1 April 2019, HMRC published its revised guidance on agreeing the value of shares with HMRC Shares and Assets Valuation when operating enterprise management incentives (EMI) and share incentive plan (SIP) schemes.

Share valuations agreed for EMI schemes will remain valid for 90 days from the date of agreement, an extension from the previous time limit of 60 days.

The guidance states that when the share valuation team has all the information it needs, it aims to reach an agreed valuation within four weeks of receiving the request.

A copy of the guidance can be viewed here.