Registration of non tax-advantaged share schemes

Produced by Tolley in association with

Employment Tax

Guidance

This guidance note provides practical information about registration requirements for companies operating non tax-advantaged share scheme or arrangements (including companies who make awards of shares or securities to employees, directors and / or other office holders) where tax liabilities may arise in the UK.

Background

Any company operating a non tax-advantaged share scheme or arrangement (eg making awards of shares or other securities to employees, directors or other office holders) is required to give notification of the arrangements to HMRC using its employment-related securities (ERS) online service. No notification is needed when the scheme or arrangement is established, instead registration of an ERS scheme is required at such time as there is a ‘reportable event’. In practice, the first reportable event is often immediately after the scheme is established. For instance, a non tax-advantaged share scheme may be adopted during a company board meeting, with board approval of the initial option grant given in the same meeting.

Companies are required to make an annual return in respect of such

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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.

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