HMRC Admin 5 Response

Hi

Under the terms of the double taxation treaty, tax relief is restricted to 15%

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Hi

Once the P11D is submitted by your employer, a calculation will be issued and any tax due will be collected in your tax code.

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Hi AdviceRequired

HMRC cannot comment on any situation until after the fact as we might not be in possession of all of the facts and also cannot provide financial advice.
However, we can advise that because of developments in technology and the way in which intellectual property (IP) is dealt with in commercial transactions, it is an area where HMRC views are developing.  
The list of IPRs dealt with in the guidance below is not exhaustive and will be of help to you in making an informed decision.
CG68000P - Capital Gains Manual: Businesses: Goodwill and intellectual property rights: Goodwill and intellectual property rights: contents onwards.

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Hi

Your employer should include the vested shares on your P60, so that you can declare the vesting in your self assessment tax return.  
You would also complete the foreign section, to claim a foreign tax credit for any US tax decucted.  
Sometimes, the amount vested is not include on a P60, where this is the case, you include the amount in the box for tips and other income not included on P60.

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Hi Trev S.

As long as you were not tax resident in the UK in the tax year in which you disposed of your NZ assets, there will be no capital gains tax liability.  
There will be no tax implications for you bringing in capital to the UK.

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Hi BellaBoo

Please refer to CG15180 - Expenditure: enhancement expenditure

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Hi 

The lump sum would appear to be from a trust.  You will need to submit a self assessment tax return for your son, declaring the payment in the trust section SA107.  
Self assessment will gross up the the lumpsum and work out how much tax your son is required to pay.  It will credit the 45% deducted, allowing a refund of the difference.  Check how to register for Self Assessment.

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Hi

They should be able to get this on their personal tax account online or they can contact personal tax by visiting Income Tax: general enquiries

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Hi

If a sum is paid to an employee in respect of arrears of pay Rule 2 of s18 ITEPA gives the earliest time entitlement arose before the arrears were paid.
The lump sum is not assessable in the year in which it is paid. It must be broken down into sums attributable to the years that the arrears are for. 

This has been taken from https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim422

I can see the PAYE manuals are contridicting each other here but the Employment Income Manual is taken from the legislation so this it was would followed. 

Basically it should be taxed in the year the entitlement to the payment arose.

Thank you

Hi K T

As this is the employers forum we would not be able to answer this.
You may wish to contact out VAT helpline by visiting VAT: general enquiries

Thank you