ETASSUM52200 - Enterprise Management Incentives (EMI): Excluded activities: providing legal or accountancy services
Paragraph 16, Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)
The legislation excludes providing legal or accountancy services.
바카라 사이트˜Legal services바카라 사이트™ covers any services customarily provided by members of the legal profession, including the provision of legal advice and the drawing up of contracts and other documents.
바카라 사이트˜Accountancy services바카라 사이트™ covers any services customarily provided by qualified accountants, including the provision of tax advice and the preparation of tax returns.
In the case of Castleton Management Services Ltd v Kirkwood (SpC 276) [2001], relating to the Enterprise Investment Scheme, but equally applicable to EMI, the company바카라 사이트™s activity was to supply the service of accountants. It was decided that the trade of supplying an accountant is within the supply of accountancy services and is not a qualifying trade.