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Posted Mon, 16 Dec 2024 20:02:47 GMT by Jamie Hennessy
I moved to the UK for the first time in June 2023. I have been working for different entities of the same US company for four and a half years. Throughout my employment I have received RSU from my employer, these have been granted each year and vest quarterly. How do I account for income tax on RSUs that were granted when I lived outside the UK but vested while I’ve been living in the UK? Is this done on a pro rata basis?
Posted Mon, 23 Dec 2024 16:35:35 GMT by HMRC Admin 10 Response
Hi
As the payment is from your employer, the income should be shown in the employment section if it is included in your P60. You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'. If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.
Posted Mon, 23 Dec 2024 18:01:35 GMT by Jamie Hennessy
Thank you, the amount is not included on my P60 so I will include it in ‘tips and other payments..’ With regards to my second question above, how do I account for RSUs that were granted while I lived abroad, is it correct to account for these on a pro rata basis?
Posted Fri, 10 Jan 2025 14:15:05 GMT by HMRC Admin 20 Response
Hi,
If you qualify for split year then you only report any foreign income for the UK part of the year RDRM12000 - Residence: The SRT: Split year treatment
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income.  
The guidance at RDRM12150 will help you work out if split year treatment applies.  
Thank you.
Posted Sun, 16 Feb 2025 16:46:33 GMT by Baljit Parmar
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