Hi,
Some of my performance share awards vested in January.
Will my employer have to include this through my p11d and or payroll or do I need to do the "heavy lifting"? (I'm assuming that they are taxed as income but I don't know if it's the value at the award date or the value at the vesting date. I only became unconditionally entitled to them at the moment they vested.)
The value is not particularly large c 2000USD - but there's so many complications to this that I don't really know where to start and I don't really want to start to understand it if my employer should do all the work.
At the point they were awarded the award was for 4200GBP worth of "restricted stock units" (US Equivalent $5521) and half vested in Jan.
(It's also possible that they've already sold enough to cover some/all of my tax liability as the numbers don't add up as I should have got about 26 shares but I've now got the paperwork to show that I own 14. I do recall reading something about how they would sell enough when they vested to pay the tax liability. Nothing on the paperwork I've just got mentions that though.)
It's an American company if it makes a difference but I'm employed though a (large) UK subsiduary.
- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch