Share Schemes Annual Returns (including Form 42) Due in July 2014

Just a reminder that the deadline for filing share schemes annual returns is normally 6 July after the end of the relevant tax year. HMRC has confirmed (see HMRC Employer Bulletin 47, April 2014 ) that the following returns for 2013-14 are due by Sunday 6 July 2014:

Form 40 for enterprise management incentives (EMI) options.

Form 42 for all other arrangements involving shares or securities held by employees or directors.

In the same Employer Bulletin, HMRC also confirmed that the following returns for 2013-14 are due by Monday 7 July 2014:

Form 34 for SAYE option schemes.

Form 35 for company share option plans (CSOPs).

Form 39 for share incentive plans (SIPs).

Companies are likely to have received notices to file the appropriate return forms. However, some companies may need to file form 42 even if they have not received a notice to file.

Companies must file paper copies of the returns for 2013-14, but from 2014-15 onwards, compulsory online filing will apply.

If you need any assistance in preparing any of these documents please talk to your usual Michelmores contact or Brian Garner on 01392 687662 or