UK – ANNUAL HMRC SHARE SCHEME REPORTING – JULY 6, 2021

This is a reminder that Annual Returns for each share scheme for the tax year ending April 5, 2021 must be lodged with HMRC by July 6, 2021. Non-tax advantaged plans must be reported on the "other" template; there are separate templates for each tax advantaged plan (CSOP, SAYE, EMI, and SIP). Note that such reporting is required even if the share scheme was inactive during the 2020/2021 tax year. HMRC does not issue reminders, but will impose penalties if Annual Returns are not submitted by the deadline as well as penalties if they remain outstanding. Please allow plenty of time for the Annual Return to be prepared and submitted by July 6, 2021.

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