What you need to do to cease an employment related securities scheme.
If you’ve registered an employment related securities (ERS) scheme in error, or it’s no longer operating, you should cease the scheme.
How to tell HMRC you’re ending your ERS scheme
To tell HMRC the scheme has ended, you’ll need to complete the following steps.
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Sign in to HMRC Online Services for employers — use the Government Gateway user ID and password you used when you told HMRC about the scheme.
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Choose the ‘Employment related Securities’ card.
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Select ‘Register or view your schemes and arrangements’.
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Select ‘View schemes and arrangements’.
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Select the scheme which you need to end — you’ll be taken to another screen after selecting the scheme.
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Select ‘End of year returns’.
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Select ‘Provide a date of final event’.
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Enter the date the employment related securities scheme stopped.
If your scheme has ended and you’ve entered a final event date, you must submit any outstanding returns (including a nil return if you have nothing to report) by 6 July following the end of the tax year.
Your final event date passed on 5 February 2024.
You must submit an ERS scheme annual return (including a nil return if you have nothing to report) for the tax year 2023 to 2024 between 6 April 2024 and 6 July 2024.
You may have to pay a penalty if you do not submit your return by the deadline.
If you need to close your PAYE scheme
All ERS schemes must be linked to a live employer PAYE scheme. If you are closing your PAYE scheme, you may need to end your ERS scheme.