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

Share schemes

Net settlement and annual reporting requirements

The full bulletin includes an example of how net settlement works.

HMRC has considered how best to report ‘net settlement’ and you should report the transaction on the ‘Other_Options_V3’ tab of the Other_templates_2015-16_V4 (42)’

See Shares, securities & options: tax compliance

Notifying HMRC of errors in Enterprise Management Incentive (EMI) options

In ERS Bulletin 31 in March 2019 HMRC published guidance on ‘Realisation of notification errors made more than 9 months after the EMI option grant’.

This contained an error:

Replacement EMI options and the working time requirement

See EMI Enterprise Management Incentive scheme

Reminding you of the Save As You Earn (SAYE) extended pause

See Employment Related Securities: What's New? March 2018 for HMRC’s most common ERS issues and top things to remember.

Cease a scheme registered in error or that is no longer required

You can find guidance on how to do this in ERS Bulletin 24 and ERS Bulletin 25.

Contacting HMRC for advice

Links to our guides:

Employment related securities & share schemes

EMI Enterprise Management Incentive scheme

Designing an EMI share option scheme

Shares, securities & options: tax compliance

Links to previous Employment Related Securities: What’s New?

Employment Related Securities: What's New? March 2019

External Links

HMRC ERS Bulletin October 2019