you are authorised to act on their behalf they have registered their EMI scheme
With the 92 day notification time limit for EMI, planning ahead can help enormously. Here are a few tips to help things run smoothly:
As with all HMRC systems, please make sure you allow enough time to get the necessary authorisations – EMI notifications can only be made online. Employers must be registered for PAYE online first, as they need to register any share schemes or arrangements themselves. This can’t be done by an agent. It can take up to 10 days for an employer to receive their credentials and access PAYE online, if they haven’t used it before. And they’ll need to add up to another 10 days if they haven’t registered with HMRC for taxes. Once your client has registered and activated PAYE online you can apply for authorisation to act on their behalf. The code will be sent to the employer to pass on to you. This can take up to another 10 days.
More information about employment related securities
Employment-related shares & securities bulletin – number 18
28 October 2014
HMRC have published the latest edition of their bulletin on employment related securities, including news of the launch of a new checking service for the end of year returns service.
Issue 18 of the Bulletin has the usual selection of helpful information about employment related securities.
In particular this edition confirms the launch of the new checking service from 31 October. HMRC say that this has been developed in response to user feedback relating to the prototype end of year returns service. This revealed that customers wanted to use their own software and spreadsheets to record reportable event data, and then to upload this data rather than have to manually enter it. The new checking service is intended to make sure that these spreadsheets are formatted correctly for upload.
Employment related securities: spreadsheet checking service
11 November 2014
HMRC have now launched a free spreadsheet checking service to make sure your employment related securities (ERS) attachments are formatted correctly.
HMRC have issued this service to help employers and their agents avoid rejected spreadsheets. It can be used as often as the customer wishes to check spreadsheet entries.
When the check is complete the user will:
be told that there are no errors, or be advised to view errors in a PDF file or a web page.
Employment-related securities information: transfer to GOV.UK
14 November 2014
CIPP Policy News Journal
08/04/2015, Page 251 of 521
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