12 Things HMRC Look for in an EMI Valuation
Compliance checklist for founders preparing an EMI s.431 valuation. AMV vs. UMV, marketability discount, comparables.
What’s inside
- AMV and UMV: the two figures HMRC expects, and why they differ
- The marketability discount, and what evidence supports it
- Comparable evidence HMRC accepts, and what it rejects
- Valuation date, grant date and the s.431 election
- What a defensible EMI submission contains before it is filed
Who it’s for
Tech founders, CEOs and CFOs preparing an EMI share valuation for HMRC Shares & Assets Valuation.
How it’s prepared
Written and signed by Abi Shitta, ACCA, FMVA, MBA, Principal Consultant. Prepared on a calculation-methodology basis aligned with IVSC and HMRC Shares & Assets Valuation guidance. It is general information, not tax, legal or regulated investment advice, and is not a valuation of any particular company.
Published prices. Fixed scope. Five working days.
Investor-ready three-statement forecast, live-formula Excel.
Start →18 to 36-month runway, burn analysis and trigger points.
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Start →Fundraising, M&A readiness, board reporting, exit planning.
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