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ARTICLE · 06 JUNE 2025

Employment Tax Update - May 2025

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This bulletin follows the release of the May Agent Update (Issue 131). In this issue we cover the content most relevant to employment taxes and reward activities.

United KingdomTax
Philip Swinburn
Philip Swinburn
Lika Jatoeva
Lika Jatoeva

This bulletin follows the release of the May Agent Update (Issue 131). In this issue we cover the content most relevant to employment taxes and reward activities.

Employment related securities (ERS) return deadline

  • The deadline for filing annual ERS returns is 6 July 2025. Missing the deadline will result in an automatic late filing penalty of £100 being charged to the employer.
  • Returns, including nil returns, must be submitted for every scheme that has been registered.
  • An ERS scheme needs to be linked to a live employer PAYE scheme.
  • If a scheme has been registered in error or it is no longer required, employers must cease the ERS scheme using these steps. Once a scheme is ceased, an annual return must still be submitted for the tax year in which the final event date falls.

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