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

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

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.

Popular Articles

Corporation Tax

Qualifying charitable donations

Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of ‘qualifying charitable donations’

14 Jul 2020 13:03 | Produced by Tolley Read more

Owner-Managed Businesses

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more

Owner-Managed Businesses

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more

Autumn Budget 2024

��˾��ҹ��