The March 31 deadline for filing 2021 returns of information for employee share and certain cash settled schemes is looming. Failure to comply with this mandatory filing obligation can result in a monetary penalty.
Gemma Jacobsen, Vice Chair of IPSA, explains: “The deadline is particularly important for companies whose employees and directors have been awarded shares, vested restricted stock units, or have participated in Revenue-approved and unapproved share schemes.”
The reporting requirements cover the electronic forms ESA, ESS1, KEEP1, and RSS1, which are uploaded online in a spreadsheet format, while a separate paper filing applies to forms SRSO1 and ESOT1.
Read the reporting advisory from IPSA member KPMG to find out everything you need to know about the March 31 deadline.