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UK share schemes: ERS returns due 6 July; Pinewood CEO incentives; JPMorgan to lift UK bonus cap; IR35 Upper Tribunal remittal—20 June 2024

Published on: 20 June 2024

Published by a LexisNexis Share Incentives expert
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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...

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