Share scheme reporting – 6 July 2023 deadline

Date posted: 14th Apr 2023

As well as requiring businesses to declare benefits received by employees by 6 July 2023, HMRC also require companies to notify them of a wide range of transactions in shares and securities (hereafter referred to as “shares”).

Common reporting obligations (not exclusive) are:

  • the issue or transfer of shares;
  • the grant of share options or of other rights to acquire shares;
  • the exercise of share options or other rights to acquire shares.
  • the assignment or release of taxable securities options for consideration;
  • a share for share or share for loan note exchange;
  • the share transactions on a management buyout;
  • a rights issue or a bonus issue;
  • a change in the rights of shares held;
  • a sale of securities that are ‘restricted’.

Some transactions are not reportable – examples are where shares are acquired for nominal value upon incorporation or the acquisition of shares is in the normal course of a domestic, family or personal relationships

It is vitally important that companies take the appropriate action to declare reportable transactions to HMRC to avoid incurring penalties or losing valuable tax reliefs.

Please give us a call if you need assistance with share scheme reporting.


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