Reportable events meaning

In this issue: Tax treatment Corporate governance New content Useful information Dates for your diary Weekly highlights from other practice areas Tax treatment Reminder-Annual share schemes returns filing deadline is 6 July 2026 Companies that run either tax-advantaged or non-tax-advantaged employee share schemes where UK participants obtain shares or share-based awards must file an annual return online with HMRC for each scheme. For the 2025–26 tax year, the submission deadline is 6 July 2026, and a return can only be filed if the scheme has already been registered with HMRC. HMRC provides templates, guidance and technical notes setting out the details required. As each scheme type has its own template, care should be taken to select the correct version. Where a registered scheme has no reportable events during the relevant year, a nil return is still required; failure to submit will lead to penalties...

In this issue: Tax treatment Corporate Governance Useful information Weekly highlights from other practice areas Tax treatment Reminder—Annual share schemes returns filing deadline is 6 July 2024 If a company runs any tax-advantaged or non-tax-advantaged employee share scheme through which UK participants receive shares or share-based awards, an online annual return must be filed with HMRC for that scheme. The deadline to submit annual share scheme returns for the 2023–24 tax year is 6 July 2024, and the scheme must already be registered with HMRC before a return can be lodged. HMRC has published templates, guidance and technical notes setting out the information that must be included in the annual return. As each scheme type has its own template, care should be taken to use the correct version. Even where a registered scheme has no reportable events in the relevant tax year, a nil return is still required; failing to file will result in penalties...

In this issue: Share plan reporting New and updated content Trackers Useful Information Dates for your diary Weekly highlights from other practice areas Share plan reporting HMRC requires share plan reporting even for tax-exempt short-term business visitors On 10 July 2025, HMRC amended ERSM140030 (see: Trackers below) to set out its position on share plan reporting for short-term business visitors (STBVs). EP Appendix 4 (PAYE82000) does not lessen or remove ERS reporting duties. Consequently, if a UK company or UK branch is a responsible person under section 421L of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003), any events that are reportable under ITEPA 2003, s 421K must be returned, regardless of how many UK workdays are in point. Where an STBV qualifies for UK income tax exemption under a double tax treaty on securities income linked to UK workdays, the UK employer or host employer can seek an STBV agreement so that operating...

The legislative framework The Pension Schemes Act 2017 The Pension Schemes Act 2017 (PSA 2017) is designed to strengthen safeguards for members of master trusts by tightening oversight of master trusts and addressing risk areas inherent in the master trust model when set beside other occupational pension schemes (such as profit-driven objectives, large cohorts of disengaged savers, and the potential jeopardy to pension pots if a master trust collapses). In summary, from 1 October 2018: master trusts must secure authorisation from the Pensions Regulator to operate as a master trust (with existing master trusts given until 31 March 2019 to submit an authorisation application, subject to any extension of the deadline granted by the Pensions Regulator). Five conditions must be met before the Pensions Regulator will grant authorisation—see: Authorisation criteria, below the Pensions Regulator has responsibility for the ongoing supervision of master trusts—see: Ongoing supervision and The Pensions Regulator’s proposed approach to supervision and enforcement, below master trusts must identify and manage ‘triggering...

Reporting employment-related securities to HMRC Employers, and any other responsible persons, must supply specified details to HMRC about reportable events involving employment‑related securities or options held by employees or directors who are UK resident for tax purposes or perform duties in the UK, or who are expected to become UK resident or to undertake UK duties while holding such securities or options. That information must be delivered: online to HMRC, unless HMRC permits the return to be made in another way by 6 July following the end of the tax year in which the event occurred, unless HMRC announces an extension, for example where there have been technical issues with the system All companies operating employee share incentives for their staff, whether or not they are tax‑advantaged, must register those arrangements online with HMRC and also submit annual returns for them by 6 July each year. Returns must be filed online unless HMRC agrees otherwise, and automatic penalties apply if the...

The international movement of capital rules The international movement of capital rules should be taken into account when both of the following apply: a non-UK tax resident subsidiary (a foreign subsidiary or foreign company) is controlled, directly or indirectly, by a UK tax resident company; and either: the foreign company’s shares or debentures are issued or transferred; or the foreign subsidiary becomes, or ceases to be, a controlling partner in a partnership (wherever that partnership is established) In these circumstances, the reporting body—typically the top UK tax resident company in a group which, alone or together with others, controls the foreign subsidiary—must submit a report to HMRC unless the event or transaction is excluded, or is valued at no more than £100m, taking into account the value of any events or transactions forming part of the same series of events or transactions. The rules are contained in Schedule 17 to...

1 Persons involved Name of person needing first aid [ Enter name of injured person ] Job title/role (if employed) Status (if not a worker, e.g. client/customer/visitor) Injured person’s address 2 About the accident Date and time of incident Exact location (room/area) and site address Summary of events (if known) [ Describe how the accident happened, if known ] Witnesses [ List witness name(s) and address(es) ] 3 About the injury Injury description [ Insert details of the injury ] Affected body part(s) Severity: minor/moderate/severe/severe requiring hospital treatment First aid provided and first aider’s name Taken to hospital? Yes/No Hospital details; if No, next destination (e.g. home/back to work) Reportable to the Health and Safety Executive? Yes/No/Not known If Yes, date referred to the organisation’s Health and Safety manager/representative(s)/officer(s) 4 Person completing this record I confirm...