Remember To File Your Employment Related Securities Return

The submission deadline for your Employment Related Securities return for the tax year ending 5th of April 2021 is the 6th of July 2021. This date is very important ...

Employers will face far greater admin challenges this year with the collection of the necessary information they'll need because so many staff are either working from home or furloughed.

An annual return of all reportable events must be submitted for all:

- tax-advantaged plans (including EMIs and options) - non-tax-advantaged employment-related securities arrangements

All companies are reminded that in order to submit their annual return, the company must register for the scheme with HMRC's own online Employment Related Securities service.

"This registration can take up to 10 days, so allow time to meet the 6th of July deadline!"

Any company that operates tax-advantaged SIPs, CSOPs or savings related share option plans will need to complete a self-certification declaration as part of the returns process.

Late filing will have very serious consequences for any tax-advantaged plans and will trigger automatic penalties. Remember, the filing deadline is the 6th of July 2021.

If you'd like to find out more about anything I've written here, do call me on 01908 774323 or leave a comment below and let's see how I can help you.