The Advisors' Blog

For companies who grant equity awards to UK employees (including by way of US employee stock purchase plans), the deadline for HM Revenue & Custom’s year-end reporting requirements will be midnight (UK time) on July 6, 2022.  This Cooley memo states that by that deadline, companies must have:

– registered to use the service;
– registered each plan or arrangement;
– self-certified any UK tax-advantaged plans; and
– reported each share award grant and share acquisition related to a share award that occurred during the relevant reporting period.

The memo also explains what returns to file depending on the plan/arrangement, possible penalties for noncompliance and more.

– Emily Sacks-Wilner