Jurisdiction(s):
United Kingdom

UK ERS reporting obligations: HMRC online registration and annual returns for employment-related securities and options—reportable events, responsible persons, exemptions (founder shares, STBVs), PISCES, and penalties

Published by a LexisNexis Share Incentives expert

Practice notes

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 deadline is missed. HMRC does not accept Form 42 paper annual returns (which was the hard copy share schemes return)...

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Dan Sharman

Shoosmiths

• Dan specialises in advising on all types of employee incentive arrangements, ranging from share options, share ownership (particularly growth shares), cash-based schemes and employee benefit trusts.• In addition to handling share options work, he also advises clients on all areas of employment tax, including employment related securities, internationally mobile employees and the tax efficient structuring of bonuses and termination payments.• Dan is dual qualified as both a solicitor and a chartered tax adviser....

Web page updated on 22/05/2026

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