Registration and self-certification of tax-advantaged share schemes

Produced by Tolley in association with

Employment Tax

Guidance

This guidance note provides practical information about the HMRC registration and self-certification requirements for companies operating any of the following types of tax-advantaged share schemes:

•
share incentive plan (SIP)
•
save as you earn schemes (SAYE)
•
company share option plans (CSOP)
•
enterprise management incentive schemes (EMI)

It also covers the notification of grant of EMI options.

Background

Any company operating a tax-advantaged share scheme is required to register the scheme with HMRC using HMRC’s employment related securities (ERS) online service.

The company must also make an annual return in respect of such scheme by 6 July following the end of each tax year throughout the life of the scheme and, in respect of SIP, SAYE and CSOP schemes, make an annual declaration (or ‘self-certification’) that the scheme continues to satisfy the relevant statutory requirements. See the Annual reporting for tax-advantaged share schemes guidance note for more information about the annual returns process.

Registering for HMRC's online services

Before a company can register

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Helen Wood

Founder, HLN WD TX , Employment Tax

Helen Wood is the founder of HLN WD TX, a share schemes and employee incentives advisory business.She qualified as a CA with ICAS in 2009 and has worked as a specialist reward and incentives advisor for 17 years, spending 13 of those at KPMG followed by 3 ½ years as an Associate Director at RSM. Helen has worked with businesses ranging from start-ups to fully listed companies, spanning owner-managed businesses, private equity portfolio companies, and AIM listed businesses.She advises on a wide range of employee share schemes and employment related securities matters including the design and implementation of effective management and employee incentives; tax valuation of employment related securities, buy and sell side transaction support, HMRC compliance, tax due diligence and employee ownership trust transactions.

Popular Articles

Owner-Managed Businesses

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

14 Jul 2020 14:00 | Produced by Tolley Read more

Trusts and Inheritance Tax

Tax on UK resident beneficiaries of non-resident trusts ― overview

Tax on UK resident beneficiaries of non-resident trusts ― overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more

Autumn Budget 2024

Trusts and Inheritance Tax

Gifts with reservation ― overview

Gifts with reservation ― overviewIntroductionA gift with reservation (GWR) arises when an individual ostensibly makes a gift of his property to another person but retains for himself some or all of the benefit of owning the property. The legislation defines a gift with reservation with reference to

14 Jul 2020 11:48 | Produced by Tolley Read more

��Ƶ