PAD1970

Great. Many thanks for the response.

Hi I am part of a long term incentive plan with my employer which provides shares in the employer (a listed company). The awards are non-cash payments so are liable for the resulting tax and national insurance liabilities. The vesting process sells a number of the shares to cover the tax and NI liabilities due, so my P60 shows the gross amount received and the tax paid. The sale of the shares does not result in a capital gain as the sale is made on the same day as the vesting, so the acquisition price and sale price of the shares are the same. Even though there is no gain on the sale of the shares (so no CGT liability) and the income tax and NI is paid correctly, so my self assessment requires no additional tax payments. My question relates to reporting: If the gross proceeds of the shares sold to cover the income tax/NI are over 4 times the annual CGT allowance, should I report the sale of the shares on the capital gains pages of the self assessment? Thanks

Hi I have read the guidance on the 'Tax on savings interest' page and understand the rule regarding other income exceeding £17,570 reducing the starting rate for savings to £0. My question relates to the definition of 'other income' as the HMRC page states "The more you earn from other income (for example your wages or pension), the less your starting rate for savings will be." My wife's salary and savings interest is below the personal allowance; but dividend payments exceed £20,000. Do we include dividend payments when calculating 'other income' for the assessment against the starting rate for savers? Thanks