HMRC make changes to the share schemes annual return templates

HMRC have introduced some minor changes to the end of year share scheme return templates to take effect from 6 April 2023.  The intention of the changes are to improve the quality of the data HMRC receive and to achieve greater consistency in reporting.

The changes cover the following:

  • Mandatory completion of the ‘PAYE reference of the employing company’ field – completion of this field is currently optional on four out of the five current share scheme end of year returns, but must now be completed in all returns submitted from 6 April 2023.
  • Mandatory completion of the ‘Is PAYE operated Y/N’ field in the ‘Other ERS schemes and arrangements’ end of year return (this is already mandatory in the other returns).
  • Mandatory completion of the National Insurance number field and amendment to column title headings – if a participant in an arrangement does not have a National Insurance number, this column will still need to be completed and the guidance will contain the format that needs to be used.
  • Changes to the end of year return templates column title heading for ‘Share Valuation HMRC Reference’ from ‘If yes, enter the HMRC reference given’ to ‘If yes, enter the HMRC valuation reference given’ – the intention of this change is to clarify what data HMRC is asking for in this instance.

More guidance is expected to be published on the changes in February 2023.

Here at RM2, we have a team of experienced share scheme administrators who can advise on, complete, and file all share incentive end of year returns – irrespective of whether RM2 implemented or advise on arrangement.

If you need help with your share incentive end of year reporting whether it be for an Enterprise Management Incentive (EMI) a Company Share Plan (CSOP) or other employee share scheme arrangement, get in touch by emailing and we will be more than happy to assist.

Please remember that the deadline for reporting is 6 July following the end of the reporting tax year.