This section provides help in completing Form 42 (reporting of
transactions in employment- related securities). This includes
shares and options over securities used to remunerate employees,
including directors. It gives advice on when a report is
not due and, when a report
is due. It is therefore directed primarily at
those external customers who are involved in transactions in
More detailed guidance about the rules relating to the taxation of employment-related securities can be found in other sections of the Employment-Related Securities Manual (ERSM).