Annual returns for approved and unapproved share plans: 6 July 2013 deadline
This is a reminder that the UK deadline for filing annual returns for tax advantaged and unapproved employee share plans for the tax year 2012-13 is Saturday 6 July 2013.
This deadline applies to Save As You Earn share option plans, Share Incentive Plans, Company Share Option Plans, Enterprise Management Incentives arrangements, unapproved share and share option plans and also (with limited exceptions) any other acquisition of shares or interests in shares by employees or directors.
HM Revenue & Customs (HMRC) should have sent you a Notice to File but if they have not then there is still an obligation to notify HMRC of any reportable events. The relevant forms can be downloaded from the HMRC website for completion.
The wide ranging Form 42 must be used to report 'unapproved' employment related securities events. These events may be one-off events HMRC do not yet know about and so have not sent you a form. Please see the guidance notes for further details about how to complete Form 42.
Should the forms be completed inaccurately, not returned to HMRC at all or filed after the deadline, HMRC may impose penalties.
All annual share plan returns can currently only be submitted in paper format using the prescribed forms, and will not be accepted on CD, other electronic media or any other format.
Completed returns should be submitted to the Employee Shares & Securities Unit at:
Specialist Personal Tax
Employee Shares & Securities Unit
1st Floor, Ferrers House
Castle Meadow Road
If you have not received a Notice to File and you are concerned that you should be notifying HMRC of reportable events in the tax year to 5 April 2013, or if you require help completing a relevant return, then please contact Graeme Nuttall or Mark Gearing for assistance.