Which Form to use 11, 11E or 12 for return

Sam2005

Hi All,

In 2009 I exercised some share options from the US Multinational company that I work for. The value of which was about €4000.

The company told us that we now need to be treated on a self assessment basis in order to make a return for the gain received. I have already paid the tax on form RTS01 when it was due within 30 days. They are not advising what form to use for the return as it depends on personal circumstances (I am a small fish in this particular pond).

However I understand that I do need to file a return by end October as a self assessed person.

I can't find anywhere that specifically says what form to use in my case - a PAYE worker with a small amount of exercised share options, that is straightforward.

Has anyone else had to do this and can you tell me what form is the right one??? as forms 11, 11E and 12 all seem to be self assessed but none of them have an entry line where I can show the gain (€4000) and enter the tax already paid (€1640) on the RTS01. I am afraid of confusing this by selecting the wrong form.

Can anyone help on this?

Thanks Samantha

SRASE

You can use either the Form 11 or Form 11e.


The information is entered in line 233 (same in both forms):

Share options exercised, released or assigned in 2009

(a) Enter total chargeable amount

(b) Enter amount of Relevant Tax on a Share Option (RTSO) paid

Sam2005

Thanks Srase,

I was a bit unsure given that Form 12 is meant to be for PAYE taxpayers. I will use the 11E as it is a little shorter than 11.

One thing that puzzles me is that there doesn't seem to be a tax calculation as such but only a listing of tax paid, credits and additional income streams.

So is it that you just list all these items and that Revenue do all the calculations and either send you a bill or an invoice OR is there a separate calculation or summary sheet that gets attached?

Thanks, Sam