ERS returns have to be completed by UK directors, employees or employees with UK work duties who have acquired shares or other securities in their company; or if their company operates an employee share plan or arrangement.

The filing deadline is 6 July 2023.

When is a return required?

Annual ERS returns are required to report events relating to securities (such as options, shares or loan notes) which involve employees and/or directors (including founding directors).

A company must ensure it has registered its share schemes and ERS events properly online via the HMRC PAYE portal.