Share reporting obligations
Employer and trustees
If you are an employer operating share schemes or a trustee of certain approved share schemes, you have an obligation to file an annual return.
The standard filing deadline is 31 March following the year in which the activity arose. For example, returns in respect of 2022 activity are due by 31 March 2023. It should be noted that penalties for failure to make returns may apply.
On exercise of an unapproved share option, your employee will become a chargeable person. They must submit payment of the Relevant Tax on Share Options (RTSO) within 30 days accompanied by the relevant return RTSO1.
For more information refer to How to calculate and pay Relevant Tax on Share Options.
Next: Share-related returns