Skip to main content

This is a new service – your feedback will help us to improve it.

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

Hi,
 
Yes, please do as you have suggested.

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


Thank you.

You must be signed in to post in this forum.