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Tax on shares

mauraf · 2013-06-10 13:47:18

Hi there I have been awarded circa 20k (I think) gross, in shares from my employer. (Matured over 3 years).Can anyone advise how much tax I would expect to pay and how much net I would receive? Thanks! Mauraf

10-06-2013 1:47pm

#1

mauraf

Registered Users, Registered Users 2 Posts: 191 ✭✭

Join Date: December 2007

Posts: 82

Hi there
I have been awarded circa 20k (I think) gross, in shares from my employer. (Matured over 3 years).Can anyone advise how much tax I would expect to pay and how much net I would receive?

Thanks!
Mauraf

0

Comments

#2 10-06-2013 2:44pm

dbran

Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭

Join Date: October 2004

Posts: 2041

Hi

From 1 January 2011, shares awards have been brought within the PAYE collection system. The net value of any shares awarded are to be treated as notional pay at the time the shares are given to the employee and PAYE/PRSI and USC deducted and paid over with the relevant P30 return. The employer is required make an estimate of the value of the shares when determinimg the amount of notional pay.

The amount of tax will depend on your own personal tax position.

Regards

dbran

0