RSU and SA

karman109

Over several years I received RSUs from my employer a US-based company.
I left the company 2 years ago and my last RSUs have now vested. The company paid the Tax and NICs to HMRC, and I paid the company.
As my income now ( a pension) is much less than when employed I'm hoping for a tax refund from the tax I paid on RSUs (over £10K), however I can't work out where I should enter my RSU income on the self-assessment form??
Do I simply include it as Employemnt Income - even though I am no longer employed by the company? (I was obviously employed by the company when the RUSs were granted.)
Thanks for any guidance

EdSwippet

karman109 wrote: »

As my income now ( a pension) is much less than when employed I'm hoping for a tax refund from the tax I paid on RSUs (over £10K), however I can't work out where I should enter my RSU income on the self-assessment form? Do I simply include it as Employemnt Income - even though I am no longer employed by the company?

That's what I did when I was in a similar situation a couple of years ago. Income in employment box 1, tax deducted in box 2, and ex-employer's PAYE tax ref and name in boxes 4 and 5. I also added a note under 'Any other information' describing these amounts and why they have no accompanying P60 or P45. I never heard anything back from HMRC, so I assume they were happy with this.

Although rather vague, helpsheet 305 is the closest I found to any actual help from HMRC on this:

Exceptionally, if you receive a taxable amount from the exercise of options, or for employment-related securities after you’ve been given your P45, you’ll get a separate notification of the taxable amount and tax deducted from your employer. You should include these amounts in the Employment pages.

I had to nag my ex-employer to persuade them to send me a statement showing the right information. The first couple of versions were unusable as they did not break out the numbers adequately. Perhaps your employer will be more on-the-ball than mine was.

karman109

Many thanks @EdSwippet for confirming I should use Employment section and great suggestion to add note under "Any other information" :beer: