Important Update – Extension of HMRC deadline for share scheme annual returns

HM Revenue & Customs has extended the deadline for the submission of share schemes returns for the tax year 2016-17 from 6 July 2017 to 24 August 2017. This follows the technical difficulties experienced recently by the Employment Related Securities (ERS) online service which prevented returns being submitted for an extended period.

Scheme returns filed on or after 25 August 2017 will incur penalties, starting with an automatic £100 penalty.

 

Further details of the extended deadline and the penalties for late filings are contained in HMRC’s ERS Bulletin No 24 which you can find by following the link.