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  • Clockwatching and the countdown to the annual share plan filings deadline

    Key share plan reporting issues to consider - clockwatching and the countdown.

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Clockwatching and the countdown to the annual share plan filings deadline

24 February 2022

As the annual deadline for Employment related securities (‘ERS’) on 6 July approaches, companies who make a head start on their filings may have an advantage. We explain the key issues to consider below.

The countdown to the 6 July deadline

As way of reminder, the window for share plan reporting opens on 6 April 2022 for companies to report any share plan activity in the 2021/22 tax year. Companies have until 6 July 2022 to file returns for 21/22 with HMRC. Companies can file their ‘ERS’ return on their PAYE for Employer’s account on the HMRC online browser.

Clockwatching and penalties

Between 6 April and 6 July each tax year, HMRC’s online portal can crash intermittently, which can make it impossible for companies to upload their ERS returns to HMRC until normal services resume again. Companies who leave their filings too close to the 6 July deadline will find themselves at risk of incurring an initial £100 penalty per return per scheme if they do not file on time by 6 July.

Hints and tips

We suggest companies look at their ERS filings as soon as possible, ideally when the window for share plan reporting opens on 6 April. In this way, companies have plenty of time within that three-month window to review and submit their ERS returns to HMRC.

How we can help you

If you found this article helpful, read more ERS tips on watching the ‘blind spot’ in HMRC’s online records for Employment related securities. ERS reporting with BDO has an outstanding reputation - read more on Share Plan reporting or contact us.

Share Plan is just one of the reporting deadlines that employers need to be aware of for 2022. Read our guidance on how to ensure you have accurate data ready in time to meet all the reporting deadlines: Employers’ Year End 2022.