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HMRC's latest Employment Related Securities Bulletin contains some handy tips. Here is our enhanced version.

Deadlines

If you do miss any deadlines and believe that you have a reasonable excuse for having done so then you can contact HMRC at This email address is being protected from spambots. You need JavaScript enabled to view it.. Please include full details of your scheme in your email.

Enterprise Management Incentives (EMI)

SAYE

 The extension to the SAYE savings holiday for employees on qualifying parental leave from 6 months to 12 months will now be extended to 12 months for all SAYE plans, not just those with qualifying parental leave. This change will take effect on 1 September 2018.

ERS online data

HMRC estimates that:

HMRC says that these statistics show that employers are still failing to fulfil their obligations in terms of registering new schemes and filing annual returns on time. It does not provide any data to indicate how many schemes it expects to see.

HMRC's top ERS errors

Top things to remember

Always select ‘view scheme or arrangement’ before registering a new scheme to avoid duplication.

If you do register a scheme in error you’ll need to cease the duplicated record by recording a ‘final event date’ and submit a nil return. You must also remember to file a return for the original registered scheme to avoid late filing penalties being issued.


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