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  • FIRST POST
    • Colin61
    • By Colin61 9th Jan 18, 9:19 AM
    • 3Posts
    • 0Thanks
    Colin61
    HMRC treatment of bonus scheme shares
    • #1
    • 9th Jan 18, 9:19 AM
    HMRC treatment of bonus scheme shares 9th Jan 18 at 9:19 AM
    Hi,
    as part of a bonus scheme, I am allocated a number of shares. Three years later, a proportion ( based on company performance) of these shares pass to me. Depending on the share price at that time, I have to pay tax on the acquisition value at my marginal rate. This tax is not deducted via payroll but needs to be paid by BACS to my employer.
    E.g was allocated 1000 shares in 2013: in 2016, 500 pass to me at their value of 2 each, I pay 40% tax on the 1000.
    Do I need to declare these acquired shares to HMRC? If so, how?
Page 1
    • SuperHan
    • By SuperHan 9th Jan 18, 7:25 PM
    • 2,074 Posts
    • 1,228 Thanks
    SuperHan
    • #2
    • 9th Jan 18, 7:25 PM
    • #2
    • 9th Jan 18, 7:25 PM
    Your employer declares this to HMRC and pays the tax on your behalf. You are simply reimbursing them for the tax paid.

    If you do a self assessment return, you should declare it on there too.
    • Colin61
    • By Colin61 9th Jan 18, 7:35 PM
    • 3 Posts
    • 0 Thanks
    Colin61
    • #3
    • 9th Jan 18, 7:35 PM
    • #3
    • 9th Jan 18, 7:35 PM
    Thanks for the quick reply.... do you happen to know which section of self-assessment it should appear in?
    • SuperHan
    • By SuperHan 9th Jan 18, 9:38 PM
    • 2,074 Posts
    • 1,228 Thanks
    SuperHan
    • #4
    • 9th Jan 18, 9:38 PM
    • #4
    • 9th Jan 18, 9:38 PM
    It should be included as employment income and tax paid. It should appear on your P60.
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