No offense but I chuckle when I hear these chestnuts every now and then.My only defence is that I did not understand the tax implications at the time and I had incorrectly & naively assumed my company managed any tax implications of the espp on my behalf given they were handling my paye.
As far as I know you can certainly claim credit but there is a time limit on refunds.. so you can mitigate your liability but can’t get a refund..
No offense but I chuckle when I hear these chestnuts every now and then.
Anyway, am I missing something here - would it not be easier to fill in form 12 ? Get p60 figures for 2011 an 2012 and fill in the two forms and send them off with the extra income not declared for each year. Then revenue will send a P21 statement with the outstanding amount.
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