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

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Helen Wood

, Employment Tax

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