Deadline rapidly approaching for HMRC share scheme annual returns.

 

HMRC in officeAll companies who operate employee share schemes (whether tax-advantaged or not), or in which there have been transactions in shares by employees or directors, need to file a return with HMRC

by 6 July 2016 (even if it is a nil return).

As was the case last year, this must be done online through HMRC’s website, and the information should be submitted on HMRC’s template spreadsheets.

HMRC is entitled to impose fines where a company submits a return after 6 July.

If you or your clients would like any assistance with completing your return, please contact Judith Harris on jdh@postlethwaiteco.com.