Chris Harvey
Joined: 3/20/2023
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How will I be taxed?
Hello, My employer awards me some shares each year in September. Last year was the first occurrence; I sold them immediately, and the tax was deducted. All good. This year I have been assigned a new tax code which takes account of the total I earned last year from salary and sale of the shares. I am a bit worried that in 2023-24 I will be paying tax monthly pro rata based on this value. It's worrying because I think this will reduce my monthly pay significantly (it's a very generous quantity of shares), I would really prefer to pay the tax due to the shares sale once I've actually received and sold them in September. Is this possible? Best Regards,