Are you ready for this year’s reporting? Following the end of the UK tax year on April 5, 2025, annual share plan returns may now be filed online with HM Revenue & Customs (HMRC). All companies with open share plan registrations with HMRC are required to submit an annual return, even if it is a nil return (i.e., even if there was no share plan activity during the 2024/25 tax year). The deadline for submission…
There are a few countries that require special annual reports for share plan transactions (in addition to regular annual payroll reports). Australia and the UK are among these countries and are both on a fiscal year that differs from the calendar year. The UK tax year ended on April 5 and the Australian tax year will end on June 30. The UK Annual Share Plan Return (formerly known as Form 35, for tax-qualified awards, and Form…