1 June 2022
Do you provide your employees or their associates with employee share scheme (ESS) interests?
An ESS interest is:
Changes have been applied to the taxing points of tax-deferred ESS interests. Your employees will no longer have a taxing point when they cease their employment, if that occurred on or after 1 July 2022.
Due to this change, you won't need to report to us when an employee with ESS interests ceases employment with your company on or after this date.
If an employee with ESS interests ceases employment with your company before 1 July 2022, you will still need to report this to us.
Your employees will still need to pay tax at other taxing points under a tax-deferred scheme, and this will need to be reported using existing labels.
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