{
 "name": "growthsharesvaluation.co.uk Growth Share Valuation Fees and HMRC Rules",
 "title": "Growth Share Valuation Fees and HMRC Rules",
 "url": "https://growthsharesvaluation.co.uk/datasets/growth-share-valuation-fees-and-hmrc-rules/",
 "csv": "https://growthsharesvaluation.co.uk/datasets/growth-share-valuation-fees-and-hmrc-rules.csv",
 "markdown": "https://growthsharesvaluation.co.uk/datasets/growth-share-valuation-fees-and-hmrc-rules/index.md",
 "computed_at": "2026-10-11",
 "license": "https://growthsharesvaluation.co.uk/terms",
 "headline": "The Growth Share Valuation Fees and HMRC Rules carries 6 published figures read from 5 sources' own pages, from 14 to 90 day, read 11 October 2026.",
 "quotes": [
  "The Growth Share Valuation Fees and HMRC Rules carries 6 published figures read from 5 sources' own pages, from 14 to 90 day, read 11 October 2026.",
  "Of 15 named sources read in full, 7 publish a figure and 8 do not, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule s431-election-window: median 14 day across 3 sources, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule emi-disqualifying-event-window: median 90 day across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule restricted-securities-forfeiture-relief-period: median 5 year across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule sav-ess-valuation-validity: median 60 day across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule sav-agreement-target-turnaround: median 4 week across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule emi-company-option-limit-from-2026-04-06: median 6,000,000 GBP across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule emi-exercise-period-limit-from-2026-04-06: median 15 year across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule emi-gross-assets-limit-from-2026-04-06: median 120,000,000 GBP across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule employee-shareholder-minimum-share-award: median 2,000 GBP across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule sav-emi-valuation-validity: median 90 day across 1 source, read 11 October 2026.",
  "Growth Share Valuation Fees and HMRC Rules, rule sav-request-accounts-years: median 3 year across 1 source, read 11 October 2026."
 ],
 "citation": "\"growthsharesvaluation.co.uk Growth Share Valuation Fees and HMRC Rules\", updated 2026-10-11, https://growthsharesvaluation.co.uk/datasets/growth-share-valuation-fees-and-hmrc-rules/.",
 "changed_since": null,
 "national": {
  "unit": "day",
  "n": 6,
  "median": 37,
  "min": 14,
  "max": 90,
  "p25": 14,
  "p75": 90,
  "mean": 47,
  "units": {
   "GBP": 3,
   "day": 6,
   "week": 1,
   "year": 3
  },
  "published_sources": 7,
  "named_sources": 19,
  "read_sources": 15,
  "not_published": 8,
  "published_share": 0.467
 },
 "by_axis": {
  "rule": {
   "s431-election-window": {
    "day": {
     "n": 3,
     "median": 14,
     "min": 14,
     "max": 14,
     "p25": 14,
     "p75": 14,
     "mean": 14
    }
   },
   "emi-disqualifying-event-window": {
    "day": {
     "n": 1,
     "median": 90,
     "min": 90,
     "max": 90,
     "p25": 90,
     "p75": 90,
     "mean": 90
    }
   },
   "restricted-securities-forfeiture-relief-period": {
    "year": {
     "n": 1,
     "median": 5,
     "min": 5,
     "max": 5,
     "p25": 5,
     "p75": 5,
     "mean": 5
    }
   },
   "sav-ess-valuation-validity": {
    "day": {
     "n": 1,
     "median": 60,
     "min": 60,
     "max": 60,
     "p25": 60,
     "p75": 60,
     "mean": 60
    }
   },
   "sav-agreement-target-turnaround": {
    "week": {
     "n": 1,
     "median": 4,
     "min": 4,
     "max": 4,
     "p25": 4,
     "p75": 4,
     "mean": 4
    }
   },
   "emi-company-option-limit-from-2026-04-06": {
    "GBP": {
     "n": 1,
     "median": 6000000,
     "min": 6000000,
     "max": 6000000,
     "p25": 6000000,
     "p75": 6000000,
     "mean": 6000000
    }
   },
   "emi-exercise-period-limit-from-2026-04-06": {
    "year": {
     "n": 1,
     "median": 15,
     "min": 15,
     "max": 15,
     "p25": 15,
     "p75": 15,
     "mean": 15
    }
   },
   "emi-gross-assets-limit-from-2026-04-06": {
    "GBP": {
     "n": 1,
     "median": 120000000,
     "min": 120000000,
     "max": 120000000,
     "p25": 120000000,
     "p75": 120000000,
     "mean": 120000000
    }
   },
   "employee-shareholder-minimum-share-award": {
    "GBP": {
     "n": 1,
     "median": 2000,
     "min": 2000,
     "max": 2000,
     "p25": 2000,
     "p75": 2000,
     "mean": 2000
    }
   },
   "sav-emi-valuation-validity": {
    "day": {
     "n": 1,
     "median": 90,
     "min": 90,
     "max": 90,
     "p25": 90,
     "p75": 90,
     "mean": 90
    }
   },
   "sav-request-accounts-years": {
    "year": {
     "n": 1,
     "median": 3,
     "min": 3,
     "max": 3,
     "p25": 3,
     "p75": 3,
     "mean": 3
    }
   }
  }
 },
 "rows": [
  {
   "source": "ERSM30450 - Restricted securities: elections to exclude outstanding restrictions - HMRC in",
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm30450",
   "figure": "14 days",
   "value": 14,
   "unit": "day",
   "vat": null,
   "axis": {
    "rule": "s431-election-window"
   },
   "retrieved_at": "2026-10-08",
   "quote": "it must be made not more than 14 days from the date of the acquisition, or the chargeable event; and",
   "source_class": "primary-government",
   "text_sha256": "042af574f53325c7e44d185de1621918917901dda177cec8c1f63a2f1439adb5"
  },
  {
   "source": "ETASSUM57150 - Enterprise Management Incentives (EMI): Taxation of EMI options: Section 43",
   "url": "https://www.gov.uk/hmrc-internal-manuals/employee-tax-advantaged-share-scheme-user-manual/etassum57150",
   "figure": "14 days",
   "value": 14,
   "unit": "day",
   "vat": null,
   "axis": {
    "rule": "s431-election-window"
   },
   "retrieved_at": "2026-10-08",
   "quote": "If an election is made under section 431 ITEPA before or within 14 days after the options are exercised, the restrictions are ignored at the date of exercise so that tax is payable when the option is exercised as though the shares were not restricted.",
   "source_class": "primary-government",
   "text_sha256": "61c3d360f55cded06f99aeabc48b675174eff2825e50a3520c164b30f40f1929"
  },
  {
   "source": "ETASSUM57150 - Enterprise Management Incentives (EMI): Taxation of EMI options: Section 43",
   "url": "https://www.gov.uk/hmrc-internal-manuals/employee-tax-advantaged-share-scheme-user-manual/etassum57150",
   "figure": "90 days",
   "value": 90,
   "unit": "day",
   "vat": null,
   "axis": {
    "rule": "emi-disqualifying-event-window"
   },
   "retrieved_at": "2026-10-08",
   "quote": "Where restricted shares are acquired more than 90 days (40 days prior to 17 July 2013) after a disqualifying event, tax is calculated on the increase in value after the disqualifying event.",
   "source_class": "primary-government",
   "text_sha256": "61c3d360f55cded06f99aeabc48b675174eff2825e50a3520c164b30f40f1929"
  },
  {
   "source": "Income Tax (Earnings and Pensions) Act 2003",
   "url": "https://www.legislation.gov.uk/ukpga/2003/1/section/431",
   "figure": "14 days",
   "value": 14,
   "unit": "day",
   "vat": null,
   "axis": {
    "rule": "s431-election-window"
   },
   "retrieved_at": "2026-10-08",
   "quote": "may not be made more than 14 days after the acquisition.",
   "source_class": "primary-government",
   "text_sha256": "4854cb40a521bb744dfb811e86ab9f3fb560a6e205ad32be67f7a748418eef2d"
  },
  {
   "source": "ERSM30300 - Restricted securities: securities acquired on or after 16 April 2003: introduc",
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm30300",
   "figure": "5 years",
   "value": 5,
   "unit": "year",
   "vat": null,
   "axis": {
    "rule": "restricted-securities-forfeiture-relief-period"
   },
   "retrieved_at": "2026-10-08",
   "quote": "Relief from initial charge where the securities are potentially forfeitable within 5 years.",
   "source_class": "primary-government",
   "text_sha256": "fabb75c49c61dc70e1408a42cbe0cbe3b28181374f6e304ae0e1a8c49c623ad8"
  },
  {
   "source": "Share and Assets Valuations for employee shareholder status - GOV.UK",
   "url": "https://www.gov.uk/guidance/share-valuations-exchange-shares-for-employee-rights",
   "figure": "60 days",
   "value": 60,
   "unit": "day",
   "vat": null,
   "axis": {
    "rule": "sav-ess-valuation-validity"
   },
   "retrieved_at": "2026-10-08",
   "quote": "Employee shareholder agreed valuations are valid for 60 days.",
   "source_class": "primary-government",
   "text_sha256": "dde02d19bdaea5be1f67ae68491b6bb03e270395e8c10663400ba972a2fdc208"
  },
  {
   "source": "Share and Assets Valuations for employee shareholder status - GOV.UK",
   "url": "https://www.gov.uk/guidance/share-valuations-exchange-shares-for-employee-rights",
   "figure": "4 weeks",
   "value": 4,
   "unit": "week",
   "vat": null,
   "axis": {
    "rule": "sav-agreement-target-turnaround"
   },
   "retrieved_at": "2026-10-08",
   "quote": "When we have all the information we need we will try to reach an agreed valuation within 4 weeks of getting your request.",
   "source_class": "primary-government",
   "text_sha256": "dde02d19bdaea5be1f67ae68491b6bb03e270395e8c10663400ba972a2fdc208"
  },
  {
   "source": "Expanding the eligibility limits of the Enterprise Management Incentive scheme - GOV.UK",
   "url": "https://www.gov.uk/government/publications/enterprise-management-incentive-scheme-increasing-the-limits/expanding-the-eligibility-limits-of-the-enterprise-management-incentive-scheme",
   "figure": "£6 million",
   "value": 6000000,
   "unit": "GBP",
   "vat": null,
   "axis": {
    "rule": "emi-company-option-limit-from-2026-04-06"
   },
   "retrieved_at": "2026-10-08",
   "quote": "For eligible companies, the changes that will apply to EMI contracts granted on or after 6 April 2026 are the limit on: company options will be increased from £3 million to £6 million",
   "source_class": "primary-government",
   "text_sha256": "da7ee623f5b50a91d0f5f5c26620b5c7f1e76bc3289669e3ace744454e38ddf9"
  },
  {
   "source": "Expanding the eligibility limits of the Enterprise Management Incentive scheme - GOV.UK",
   "url": "https://www.gov.uk/government/publications/enterprise-management-incentive-scheme-increasing-the-limits/expanding-the-eligibility-limits-of-the-enterprise-management-incentive-scheme",
   "figure": "15 years",
   "value": 15,
   "unit": "year",
   "vat": null,
   "axis": {
    "rule": "emi-exercise-period-limit-from-2026-04-06"
   },
   "retrieved_at": "2026-10-08",
   "quote": "The limit on the exercise period will be increased from 10 years to 15 years.",
   "source_class": "primary-government",
   "text_sha256": "da7ee623f5b50a91d0f5f5c26620b5c7f1e76bc3289669e3ace744454e38ddf9"
  },
  {
   "source": "Expanding the eligibility limits of the Enterprise Management Incentive scheme - GOV.UK",
   "url": "https://www.gov.uk/government/publications/enterprise-management-incentive-scheme-increasing-the-limits/expanding-the-eligibility-limits-of-the-enterprise-management-incentive-scheme",
   "figure": "£120 million",
   "value": 120000000,
   "unit": "GBP",
   "vat": null,
   "axis": {
    "rule": "emi-gross-assets-limit-from-2026-04-06"
   },
   "retrieved_at": "2026-10-08",
   "quote": "gross assets will be increased from £30 million to £120 million",
   "source_class": "primary-government",
   "text_sha256": "da7ee623f5b50a91d0f5f5c26620b5c7f1e76bc3289669e3ace744454e38ddf9"
  },
  {
   "source": "Share and Assets Valuations for employee shareholder status - GOV.UK",
   "url": "https://www.gov.uk/guidance/share-valuations-exchange-shares-for-employee-rights",
   "figure": "£2,000 ",
   "value": 2000,
   "unit": "GBP",
   "vat": null,
   "axis": {
    "rule": "employee-shareholder-minimum-share-award"
   },
   "retrieved_at": "2026-10-08",
   "quote": "To grant someone employee shareholder status in your company, you need to award them at least £2,000 worth of shares.",
   "source_class": "primary-government",
   "text_sha256": "dde02d19bdaea5be1f67ae68491b6bb03e270395e8c10663400ba972a2fdc208"
  },
  {
   "source": "Get a share scheme valuation from HMRC - GOV.UK",
   "url": "https://www.gov.uk/guidance/get-a-share-scheme-valuation-from-hmrc",
   "figure": "90 days",
   "value": 90,
   "unit": "day",
   "vat": null,
   "axis": {
    "rule": "sav-emi-valuation-validity"
   },
   "retrieved_at": "2026-10-11",
   "quote": "Valuations for EMIs are valid for 90 days from the date of the agreement.",
   "source_class": "primary-government",
   "text_sha256": "ed7f736adf5f91c0894154363ba20cfc62250f4b585f7d6d2562d6aa9e13902f"
  },
  {
   "source": "Get a share scheme valuation from HMRC - GOV.UK",
   "url": "https://www.gov.uk/guidance/get-a-share-scheme-valuation-from-hmrc",
   "figure": "3 years",
   "value": 3,
   "unit": "year",
   "vat": null,
   "axis": {
    "rule": "sav-request-accounts-years"
   },
   "retrieved_at": "2026-10-11",
   "quote": "a proposed value for your shares 3 years of accounts before the valuation date, or if the company is newly trading, any accounts available at the valuation date",
   "source_class": "primary-government",
   "text_sha256": "ed7f736adf5f91c0894154363ba20cfc62250f4b585f7d6d2562d6aa9e13902f"
  }
 ],
 "not_published": [
  {
   "source": "ERSM20220 - Employment-related securities and options: 'by reason of employment' - excepti",
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm20220",
   "retrieved_at": "2026-10-08",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "Apply for a share valuation check for Enterprise Management Incentives (VAL231) - GOV.UK",
   "url": "https://www.gov.uk/government/publications/asset-valuation-request-for-a-share-valuation-val231",
   "retrieved_at": "2026-10-08",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "ERSM20192 - Employment-related securities and options: what are securities: Long Term Ince",
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm20192",
   "retrieved_at": "2026-10-08",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SVM111000 - IHT Business Property Relief: contents - HMRC internal manual - GOV.UK",
   "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual/svm111000",
   "retrieved_at": "2026-10-08",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "Apply for a share valuation for a share award under an employee shareholder agreement (VAL",
   "url": "https://www.gov.uk/government/publications/asset-valuation-application-for-agreement-to-a-share-valuation-val232",
   "retrieved_at": "2026-10-08",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "Income Tax (Earnings and Pensions) Act 2003",
   "url": "https://www.legislation.gov.uk/ukpga/2003/1/section/421",
   "retrieved_at": "2026-10-08",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "Bird & Bird: growth shares note",
   "url": "https://www.twobirds.com/-/media/pdfs/expertise/employment/employment-incentive/growth-shares.pdf",
   "retrieved_at": "2026-10-08",
   "reason": "every candidate on the page was refused"
  },
  {
   "source": "Vestd help: how growth shares work",
   "url": "https://www.vestd.com/help/how-do-growth-shares-work",
   "retrieved_at": "2026-10-08",
   "reason": "every candidate on the page was refused"
  }
 ],
 "sources": [
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm30300",
   "label": "ERSM30300 - Restricted securities: securities acquired on or after 16 April 2003: introduc",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm30450",
   "label": "ERSM30450 - Restricted securities: elections to exclude outstanding restrictions - HMRC in",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm20220",
   "label": "ERSM20220 - Employment-related securities and options: 'by reason of employment' - excepti",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/government/publications/asset-valuation-request-for-a-share-valuation-val231",
   "label": "Apply for a share valuation check for Enterprise Management Incentives (VAL231) - GOV.UK",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/guidance/employment-related-securities-bulletin-44-july-2022",
   "label": "Human Verification",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities/ersm20192",
   "label": "ERSM20192 - Employment-related securities and options: what are securities: Long Term Ince",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/guidance/share-valuations-exchange-shares-for-employee-rights",
   "label": "Share and Assets Valuations for employee shareholder status - GOV.UK",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/guidance/get-a-share-scheme-valuation-from-hmrc",
   "label": "Get a share scheme valuation from HMRC - GOV.UK",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual",
   "label": "Shares and Assets Valuation Manual - HMRC internal manual - GOV.UK",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.legislation.gov.uk/ukpga/2003/1/section/431",
   "label": "Income Tax (Earnings and Pensions) Act 2003",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual/svm111000",
   "label": "SVM111000 - IHT Business Property Relief: contents - HMRC internal manual - GOV.UK",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/government/publications/asset-valuation-application-for-agreement-to-a-share-valuation-val232",
   "label": "Apply for a share valuation for a share award under an employee shareholder agreement (VAL",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.legislation.gov.uk/ukpga/2003/1/section/421",
   "label": "Income Tax (Earnings and Pensions) Act 2003",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/government/publications/enterprise-management-incentive-scheme-increasing-the-limits/expanding-the-eligibility-limits-of-the-enterprise-management-incentive-scheme",
   "label": "Expanding the eligibility limits of the Enterprise Management Incentive scheme - GOV.UK",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/capital-gains-tax/rates",
   "label": "Capital Gains Tax: what you pay it on, rates and allowances: Capital Gains Tax rates - GOV",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.twobirds.com/-/media/pdfs/expertise/employment/employment-incentive/growth-shares.pdf",
   "label": "Bird & Bird: growth shares note",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/employee-tax-advantaged-share-scheme-user-manual/etassum57150",
   "label": "ETASSUM57150 - Enterprise Management Incentives (EMI): Taxation of EMI options: Section 43",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.vestd.com/help/how-do-growth-shares-work",
   "label": "Vestd help: how growth shares work",
   "license": "reproduced for comment; publisher's terms"
  },
  {
   "url": "https://www.gov.uk/hmrc-internal-manuals/employment-related-securities",
   "label": "gov.uk",
   "license": "reproduced for comment; publisher's terms"
  }
 ],
 "methodology": "Every number traces to a quoted sentence on the publisher's page, captured on the date shown along with a hash of the page text. 7 of 15 readable sources publish a figure; 8 were read in full and publish nothing, so they are counted as silent; 4 could not be reached. The summary statistics use one value per source for each breakdown it prices, 6 values in day. 52 candidate sentence(s) were rejected in review, each for a recorded reason. What this dataset is chartered to add later, beyond the published figures shown: one row per rule the valuation turns on: AMV vs UMV, the s.431 election and its 14-day window, HMRC SAV agreement (VAL231/VAL232) and its 90-day validity, EMI limits from 6 April 2026, CGT rates; each with its instrument, section and date read",
 "embed": "<figure style=\"margin:0;padding:20px 22px;border-left:4px solid #0f766e;background:#ffffff;color:#0f172a;font-family:Georgia,serif;max-width:440px\"><p style=\"margin:0 0 6px;font-size:32px;font-weight:600;color:#0f172a;background:#ffffff\">14 to 90 day</p><p style=\"margin:0 0 10px;font-size:15px;line-height:1.4;color:#334155;background:#ffffff\">6 published figures, Growth Share Valuation Fees and HMRC Rules, across 5 sources, read 11 October 2026</p><figcaption style=\"font-size:13px;color:#475569;background:#ffffff\"><a href=\"https://growthsharesvaluation.co.uk/datasets/growth-share-valuation-fees-and-hmrc-rules/#median\" style=\"color:#0f766e;background:#ffffff\">Data: growthsharesvaluation.co.uk Growth Share Valuation Fees and HMRC Rules</a></figcaption></figure>"
}