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If you fail to tell HMRC about your employment related securities scheme, you may lose tax benefits for you and your employees. 听

Find out more information about important deadlines.听

Tax-advantaged schemes听

By 6 July following the end of the tax year in which the first award of shares or first grant of options is made you must register your:听

• Share Incentive Plan听
• Save As You Earn Scheme听
• Company Share Option Plan听听

Enterprise Management Incentives (EMI)听

You must tell HMRC about a grant of an鈥�EMI鈥痮辫迟颈辞苍.

You will need to register your EMI鈥痵cheme first. Once you鈥檝e registered, you will need to submit your鈥�EMI鈥痭辞迟颈蹿颈肠补迟颈辞苍 by the deadline and submit your end of year return by 6 July following the end of the tax year.

Non tax-advantaged schemes听

For non tax-advantaged share schemes, where there is a reportable event, you must submit an end of year return by 6 July following the end of the tax year. Once registered, if there are no events to report, you must still submit a nil return by 6 July following the end of the tax year.

If you miss the deadline听

You鈥檒l need to contact us in writing if you miss the deadline to:

• 听register a new Company Share Option Plan (CSOP)
• 听register a new Save As You Earn (SAYE) scheme
• register a new Share Incentive Plan (SIP) scheme
• submit an鈥�EMI鈥痭辞迟颈蹿颈肠补迟颈辞苍

You鈥檒l need to provide a reason why you missed the deadline. You can contact us:

• by email, at听[email protected]
• by post, at the following address:

If you have a reasonable excuse听

If we accept鈥�you have a reasonable excuse鈥痜or missing the deadline, we will explain the next steps.听

These will include how to:听

• register your scheme late听
• submit any late returns听
• submit any late鈥�EMI鈥痭辞迟颈蹿颈肠补迟颈辞苍s听

We may also ask you to use a safe data transfer method to submit any late returns.鈥疕MRC鈥檚 preferred method for data transfer is the鈥�Secure Data Exchange Service鈥�(SDES).听

Late filing penalties听

Submitting a late return, may result in you being charged late filing penalties.听Find out more information about鈥�how to appeal any late filing penalties.