Since it was processed through your payroll as pay, you need to talk to your employer if you feel the amount was overstated. There is no way to reduce it via a form 11 as it was a taxable benefit you were taxed on which is included in the pay figure your employer submitted to Revenue. Those costs would not be allowable anyway in computing the taxable gain for income tax purposes. Also unless there something else where you need to be registered as self assessed, there's no need to register for self assessment when your ESPPs scheme is taxed through payroll.I have paid my ESPP tax thru payroll for 2022 and am registered for Form 11. The taxable amount used by payroll is about €100 higher than the gain (x2) I made after selling, wiring and Foreign Exchange costs. I don't see anywhere obvious on the Form 11 to amend this to allow for the cost of collection/conversion to your bank account in Ireland. Is there somewhere I have missed ? I did ask my payroll section and they stated I would have to amend this myself on ROS but couldn't say where exactly.
Note: I sold shares immediately so not claiming for loss between buy and sell price, just the expenses that go with getting the lolly into your own bank account.
There is no way for you to amend this as it's part of your payroll. The expenses incurred are not allowable deductions for income tax anyway. If your employer used incorrect figures in taxing you then it's up to them to fix. A form 11 is for a self assessed taxpayer which unless you have income which makes you a chargeable person, you shouldn't be registered for or filing. Your payroll should not be providing you with advice to fix a payroll error via a tax return. That's assuming there's any error at all.Yes, it's already going thru' payroll. I asked our department and they said you would need to claim it back via your tax return or p21 balancing statement. The thing is I just don't know where I fill it in on the form 11. There is a share options category but nothing specific to ESPP and I guess they're not in any hurry if you would be claiming a refund rather than paying up. Add to that the sticky plastering that's been done over the years to allow for the new taxes to be collected via the same Form
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