Income Tax (Earnings and Pensions) Act 2003 section 421K

Reportable events

Section 421K defines what counts as a "reportable event" for the purposes of employer reporting obligations relating to employment-related securities, interests in securities and securities options.

• A reportable event includes the acquisition (or deemed acquisition) of securities, an interest in securities or a securities option arising from an employment-related right or opportunity
• Chargeable events relating to restricted securities, convertible securities, artificially enhanced securities, securities acquired below market value and securities disposed of above market value are all reportable
• The receipt of post-acquisition benefits from securities or securities options that give rise to (or would give rise to) taxable employment income must also be reported
• The assignment or release of an employment-related securities option, and the receipt of any money or money's worth connected with such an option, are reportable events