Posts about Hmrc

If you have an EMI scheme you're obliged to file an Annual Return to HMRC once a year, detailing all actions relating to your grant which took place over the last 12 months (eg. exercised grants, cancellations, taxation, replacement after an acquisition a.o.). If no actions took place, you still have to file this to HMRC through a Nil Report instead.

Every time your company issues a new grant as part of your EMI scheme, you need to notify HMRC through an EMI notification. If you’ve used Capdesk before, you probably know by now that the platform can generate and automatically fill out an EMI notification for you. If not, take a brief look at our blogpost on that and come right back!

Whether you’ve had an EMI scheme for a while, or just started setting one up, making EMI notifications for HMRC is always one of those tasks that take up more time than you’d like. This process requires you to either manually enter all of the grant recipient’s and issued shares’ details on the HMRC website, or to upload a spreadsheet of your own where you’ve been keeping track of this information.

6th of July is almost upon us...