To file the relevant returns, employers that have a reporting obligation for 2022/23 must register each plan or other arrangement with HMRC’s ERS Online Services (part of HMRC Online Services), if this has not already been done.
U.K. tax-advantaged plans (which are known as CSOP, SAYE, SIP, and EMI plans) must each be registered separately. Other arrangements (including plans that do not qualify for U.K. tax advantages) can be included under a single registration.
For U.K. tax-advantaged CSOP, SAYE, and SIP plans established during 2022/23, on or before 6 July 2023, employers must submit an online declaration that the conditions for tax-advantaged status are met. If this is not done, the relevant tax advantages may be lost.
Employers should review their ERS return registration status to confirm which registrations (if any) were made in previous years and whether any additional registrations are required.