Income Tax (Earnings and Pensions) Act 2003 Schedule 3 paragraph 40D

Notices and returns to be given electronically etc.

Paragraph 40D requires that notices and returns relating to share incentive plans must be submitted electronically, while giving HMRC discretion to allow alternative methods and the power to prescribe the electronic submission process.

• Notices under paragraph 40A and returns under paragraph 40B, including any accompanying information, must be submitted electronically.
• HMRC may permit a scheme organiser to submit notices, returns or accompanying information by an alternative method if they consider it appropriate, in which case that alternative method must be used.
• The Commissioners for HMRC are required to prescribe how electronic submissions of notices, returns and accompanying information are to be made.
• The Commissioners may make different provision for different cases or circumstances when setting the rules for electronic submission.