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Remember To File Your Employment Related Securities Return

The deadline is fast approaching ...

Posted by Helen Beaumont on 04/05/2022 @ 8:00AM

The submission deadline for your Employment Related Securities return for the tax year ending 5th of April 2022 is the 6th of July 2022. This date is very important ...

Don't forget to file your Employment Related Securities return by the 6th of July 2021!

Don't forget to file your Employment Related Securities return by the 6th of July 2021!

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

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 2022.

Until next time ...



HELEN BEAUMONT



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If anything I've written in this blog post resonates with you and you'd like to discover more, it may be a great idea to give me a call on 01908 774323 and let's see how I can help you.

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About Helen Beaumont ...

 

Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.

Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.

When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.