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ARTICLE · 07 JUNE 2016

UK Employee Share Reporting Is Not Optional

TMF Group BV
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All UK companies, employers and trustees have a legal duty to report to the UK's tax authority HMRC, when an employee receives share-based remuneration regardless of whether there is any tax payable.

United KingdomTax
Vince Cheshire
Vince Cheshire
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All UK companies, employers and trustees have a legal duty to report to the UK's tax authority HM Revenue & Customs (HMRC), when an employee receives share-based remuneration regardless of whether there is any tax payable.

All UK companies, employers and trustees have a legal duty to report to the UK's tax authority HM Revenue & Customs (HMRC), when an employee receives share-based remuneration regardless of whether there is any tax payable. Because the reporting does not necessarily lead to a tax bill, it is often mistakenly overlooked.

Share-based remuneration to consider includes:

  • Share options: the granting and exercise of options must be reported separately
  • Restricted stock units: the award of the stock must be reported and any vesting should be reported separately

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