JonathanB123
Joined: 4/25/2024
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Taxation of restricted stock units paid gross of tax
Hi I have some RSUs redeeming in May. I have the option of taking these Gross as a quantity of shares, or a net share quantity (still a set number of shares but fewer, not a cash amount) with my employer paying the tax due by way of a share sale. I earn less than £150,000 so I am not subject to a self assessment, and this redemption does not change that position. Are you able to please let me know, if I opt to take the gross shares: 1. How do I ensure HMRC is made aware of this income? 2. When is the tax due? 3. How do I pay the tax? Thanks