Events which need to be reported are listed at
ERSM140100. These include, for
example, the exercise of an employment-related securities option.
If the remittance basis applies such that part of the option gain
is foreign securities income, there is no obligation for the
employer to report any subsequent remittances of that foreign
securities income. However, the option exercise must be reported.
More guidance on Form 42 requirements will be published
shortly.
