Report your Annual UK Share Plan Filings by 6th July 2022

Have you issued shares or granted options or other rights to shares to any of your employees or directors in the previous tax year (i.e. 6 April 2021 to 5 April 2022)? Have there been any changes to existing awards?  If so, HMRC need to be notified by way of the annual electronic filing by midnight on 6 July 2022.

In order to submit returns, companies must have registered to use the service, registered each employment related securities scheme or arrangement, and self-certified any tax advantaged plans.

This obligation applies regardless of where the employer is located but only applies to UK based employees or those otherwise subject to UK tax.

Failure to file by the deadline will result in penalties being imposed and potential tax advantages lost.

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