Employment Tax

Registration and self-certification of tax-advantaged share schemes

Produced by Tolley in association with Karen Cooper and Jeremy Cavendish, Cooper Cavendish LLP
  • 22 Mar 2022 12:15

The following Employment Tax guidance note Produced by Tolley in association with Karen Cooper and Jeremy Cavendish, Cooper Cavendish LLP provides comprehensive and up to date tax information covering:

  • Registration and self-certification of tax-advantaged share schemes
  • Background
  • First things first ― registering for HMRC’s online services
  • How to register for HMRC online services
  • Companies who have already registered for HMRC online services
  • How to register a tax-advantaged share scheme or arrangement
  • How to register and self-certify using the ERS online service
  • Companies operating SIPs, SAYE schemes and / or CSOPs ― compliance obligations
  • What happens if the company makes an error when registering the scheme or arrangement?
  • EMI schemes and arrangements
  • More...

Registration and self-certification of tax-advantaged share schemes

This guidance note provides practical information about the registration and declaration (also known as ‘self-certification’) requirements for companies operating any of the following types of tax-advantaged share schemes:

  1. share incentive plan (SIPs)

  2. save as you earn schemes (SAYE schemes)

  3. company share option plans (CSOPs)

  4. enterprise management incentive schemes (EMI schemes)

It also covers the notification of grant on 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 during the life of the scheme and, in respect of certain tax-advantaged arrangements, make an annual declaration (also known as ‘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.

First things first ― registering for HMRC’s online services

Before a company can register its tax-advantaged share scheme, it must be registered to use HMRC online services. HMRC advises that it can take up to seven days for a company’s login details to be generated, so if the company has an approaching deadline, it should register without delay.

How to register for HMRC online services

Information on how a company registers for HMRC online services can be found on the GOV.UK website. The company should be aware that in order to use HMRC’s online services,

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