HM Revenue & Customs - Form 42 Regulations

Inland Revenue - Form 42 Regulations

For the tax year 2003/2004 the Inland Revenue have implemented a new reporting requirement that affects the large majority of UK registered Limited Companies.

The new regulations relate to the transfer and issue of new shares to employees of limited companies.

It is assumed this new reporting requirement will need to be completed each tax year from 2003/4 onwards.

For further information please see the following web page - What is Form 42

Updated 8th October 2004