FAQs on UK share schemes registration and annual returns
Produced in partnership with Jeremy Edwards of Baker McKenzie
FAQs on UK share schemes registration and annual returns

The following Share Incentives practice note Produced in partnership with Jeremy Edwards of Baker McKenzie provides comprehensive and up to date legal information covering:

  • FAQs on UK share schemes registration and annual returns
  • The regime introduced in 2014
  • Further information
  • Frequently asked questions
  • Registration
  • Considerations for non-UK companies
  • Annual Returns

The regime introduced in 2014

From 6 April 2014, obligations were imposed on companies to:

  1. register their share schemes online with HMRC, by specified deadlines

  2. self-certify their tax-advantaged share schemes as part of the online registration process, in light of the removal of the HMRC approval regime for these schemes from 6 April 2014, and

  3. submit their annual HMRC share scheme returns (due by 6 July each year) online

Online registration is required before companies can submit their online annual returns, and, in respect of tax-advantaged share schemes, in order to retain tax advantages.

The online returns replaced hard copy returns that were required previously.

Further information

For further details on the legislative provisions relating to each type of share plan, see Practice Notes:

  1. EMI—HMRC annual return

  2. CSOP—self certification, registration and filing requirements

  3. SAYEs—self-certification, registration and filing requirements

  4. SIPs—self-certification, registration and filing requirements

  5. Employment-related securities—reporting obligations, and

  6. The self-certification regime

Frequently asked questions

Set out below are some Frequently Asked Questions which have been raised with HMRC in relation to the registration and online annual return filing processes.

Registration

What share plans do I need to register?

All tax-advantaged and non-tax advantaged plans under which UK participants receive shares or share-based awards.

Non-tax advantaged plans are registered under 'Other'. Tax-advantaged plans are registered separately according to the type of plan—namely a company share option plan (CSOP), save as you earn (SAYE) plan, SIP or enterprise

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