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Posted Fri, 08 Jul 2022 19:18:38 GMT by littletiger
Hi there, I am self-employed in a partnership and has no other income. last FY i had £5000 proceeds from exercising options, which was treated as income (which I understand) but the partnership taxed it via PAYE (£2700 income tax) before it returned the balance (£2300) to me. Should I put this transaction under "other UK income not included on supplementary pages" and put £5000 as "other taxable income" and £2700 under "any tax taken off"? Thanks.
Posted Mon, 11 Jul 2022 13:00:16 GMT by HMRC Admin 17

Yes, please do as you have suggested.

You may also wish to provide an explanatory note in the 'Any Other Information' box.

Thank you.

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