RTSO and income levy

C

CharlieC

Registered User
Messages
226
Historically when exercising Share options I paid the relevant tax on share option due, for example in 2008 I paid 41% on the gain

How do I now handle the income levy? On revenue it says dont include it on RTSO form

I am PAYE

Thank you
 
I contacted the Revenue about this and was told to pay tax at the 41%

I was not convinced the person I spoke to understood what I meant but she did say I did not have to pay the levies, only the 41% tax rate

I suspect when it comes to doing my annual tax return I will be hit for the levies.
 
According to the income levy FAQ ([broken link removed]) you are not obliged:

1.14 Am I obliged to include the income levy due on share option gains when making my
payment of RTSO (Relevant Tax on Share Options)?

No, there is no obligation to include the income levy when making a payment of RTSO (see Information
Leaflet CG 16 for more information on RTSO).
Payment of income levy should be made at the same time as preliminary tax with any balance paid when
the return for the relevant year is filed.
 
You must log in or register to reply here.
Back
Top