Employee Shares Reminder

Income Tax and NIC can arise for an employee or director on the acquisition, ownership or disposal of "employment-related securities".

Whether or not tax becomes payable, the company must report the transaction to HMRC – using one of the forms below, which can now only be filed online. Automatic late filing penalties apply, and no reminders are issued.:

  • Form 34 (Save As You Earn schemes)
  • Form 35 (Company Share Option Plans)
  • Form 39 (Share Incentive Plans)
  • EMI 40 (Enterprise Management Initiative  schemes)
  • Form 42 (Unapproved share schemes)

The filing deadline is 6 July 2015 – contact us of help is required