For tax years up to (and including) 2013/14, whenever there was a ‘reportable event’, there was an obligation on anyone who is a ‘responsible person’ to notify HMRC by 6 July in the tax year following that in which the reportable event took place (ITEPA 2003, s. 421J).

For 2014/15 and subsequent tax years, reporting moved onto more of a ‘self-assessment’ approach. A ‘responsible person’ in relation to ‘reportable events’ must make a return for each tax year falling (wholly or partly) in the person's ‘reportable event period’ (s. 421JA).

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