ERSM140060 - Reporting Requirements - Form 42
Tax-advantaged Schemes
Save As You Earn schemes (SAYE)
If the employees are granted options and/or exercised options under an HMRC Savings Related Share Option scheme, do not provide details on Form 42. Details should be shown on Form 34.
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Company Share Option Plans (CSOPs)
If the employees are granted options and/or exercised options under an HMRC Company Share Option Plan, do not provide details on Form 42. Details should be shown on Form 35.
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Share Incentive Plans (SIP)
Do not include shares awarded to an employee under an approved SIP. Instead include this information on Form 39.
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Enterprise Management Incentives (EMI)
The limit for options granted under EMI is £250,000 (£120,000 prior to 16 June 2012) and EMI options up to this limit must be reported on Form 40. If options in excess of £250,000 are granted, you must provide details of options granted in excess of £250,000 in section 1a of the Form 42.
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