A&M Scotland Asset Manager Briefing Note: Volume 15
Introduction to Rachael Kieran, Manager at A&M Taxand
We are delighted to welcome Rachael Kieran as a Manager to our A&M Taxand team in Glasgow.
Rachael brings more than 7 years of experience in private client services with a specific focus on providing bespoke advice to individuals, including fund executives, in all aspects of U.K. private client advisory work including residency and domicile issues and succession planning.
Prior to joining A&M, Rachael was a tax manager at HW Fisher in London, where she managed a portfolio of high net worth individuals with complex tax needs.
Rachael earned an honours degree in Accountancy and Finance from the University of Dundee. Rachael is a qualified member of the Association of Taxation Technicians (ATT) and is a Chartered Tax Adviser (CTA).
Contact Rachael Kieran.
Second self-assessment payment on account reminder for 31 July 2021
We wanted to provide a reminder that the second self-assessment payment on account for tax year 2020/21 is due by 31 July 2021.
Taxpayers can pay this by:
- Debit Card by going to 'Pay-self assessment tax bill' and following the guidance, or
- Phone/internet banking or Cheque.
Employment Related Securities ("ERS") reporting reminder for 6 July 2021
Finally, we wanted to provide a reminder that following the end of the 2020/21 UK tax year, annual ERS returns were due to be submitted to HMRC by 6 July 2021.
The ERS annual return reports any new or existing share plans (including co-investment and carried interest entitlements) to HMRC for tax year 2020/21 and involves a number of key tasks, including:
- Registering new share plan arrangements;
- Verifying or self-certifying the tax-advantaged plans in place; and
- Submitting annual returns with all reportable events (including nil returns).
All ERS annual returns should have been filed with HMRC on or before 6 July 2021 for tax year 2020/21 with late filings resulting in an automatic penalty and potentially significant consequences for tax-advantaged plans.
If you require any assistance with ERS reporting, please don’t hesitate to contact a member of our team.
