A16XJD
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RE: Answering 'expected adjusted net income' questions, when bonus value depends on a Share Price??
Hello, do you know how long it might take to get a response on this one? I submitted this question 2 days ago. Thanks -
Answering 'expected adjusted net income' questions, when bonus value depends on a Share Price??
Please could a HMRC Admin respond to the below: Relating to the eligibility questions for Tax Free Childcare, i need to answer the question of whether my 'expected adjusted net income' for the year will end up as under £100k At the end of the last tax year in March, i received a bonus payment in company shares. The award was defined as being a set number of shares so the specific value of this was only determined on the day. It's not unfeasible that i might receive another share-based bonus at the very end of this tax year (based on future company performance until then). In this instance, how should i be factoring this into my 'expected' earnings? Obviously if i had any 'valid' expectations on what the share price would be in a years time, id be able to make a lot of money doing something else! -If bonuses themselves are only potential/discretionary (ie not certain) should they be included in 'expected earnings' (irrespective of being in cash or shares)? -If the bonus would be in shares, how should I assess the value of these in advance of the issue date given it is unknown what the value will be in march? The share price itself is obviously fairly volatile in value, with a spectrum of potential outcomes which include a negligible value. Do i need to use the share price at the date of the reconfirmation questions to factor into this? Thanks,