ETASSUM56050 | Enterprise Management Incentives (EMI): Option notifications: Annual returns – Electronic filing

Paragraph 52A, Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)

For the years 2014-15 onwards, companies must submit their EMI annual return electronically. This is mandatory. If a company feels it is unable to file online for some reason, it should provide full details explaining why this is the case to the Employee Shares & Securities Team -

Post: HM Revenue & Customs, Charities, Savings & International 1, BX9 1AU

E-mail: Shareschemes mail to: [email protected].

A penalty may arise if a company does not file its return and any information accompanying the return electronically, unless HMRC has agreed that the company may file its return in another way, for example on paper (paragraph 57B(1) Schedule 5 ITEPA).

The company secretary is responsible for the information submitted in the return. The annual return must be submitted by 6 July following the end of the tax year to which the return relates.

Guidance on registering schemes and submitting annual returns can be found here: https://www.gov.uk/business-tax/employment-related-securities.