ESPP not returned

D

DOCKC

Guest
Situation i have is that I have Employee Share Options which i held after every 6mths since 06 now i have sold them i able liable to CGT.
However i was also liable to Relevant Tax on Share Options after each 6mths. So i have to make payments backdating to 06 on these.
Do i just fill out the forms and pay the amount and wait for the revenue to get back to me re interest etc?
Usually when someone has these Shares they get asked to make an income tax return so will i be liable to not making an income tax return since 06?
Would i need to make a voluntary disclosure or anything like that? The amount liable to pay is approx 10k
 
I would suggest you complete the RTSO1s and file them with payments. The Revenue may well charge interest on late payment.
You will also need to file tax retrns for each year, and there may be surcharges for late filing.
I would reccommend you file the returns before the Revenue ask for them.
 
There are a few things to consider:

firstly, was it a revenue approved scheme?

How long did you have the shares?

there are other issues to discuss but start with these ones :)

David
 
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