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how to fill form 11 for ESPP

Comments

  • #2
    tringlarido
    Registered Users Posts: 47 ✭tringlarido


    any idea ?


  • #3
    Watergirl4
    Registered Users Posts: 34 ✭Watergirl4


    Hi

    Its difficult to say for sure without the document that guides the ESPP scheme. Some have clauses that effectively change their tax status from that of a discounted share to a stock option which requires the RTOS1 form to be completed.

    I have input the benefit (ie the discount - calculated as the price on day or purchase vs market price on day of purchase) in the other section on the form 11 on ROS and taxes have been calculated accordingly.

    Most employers issue a tax guidance with participation in these schemes which should help with identifying the method of paying the tax over.


  • #4
    tringlarido
    Registered Users Posts: 47 ✭tringlarido


    thank you, it's a good idea I contacted the old employer. So I understand that you filled out the section "Irish Other income" ?


  • #5
    victor8600
    Registered Users, Registered Users 2 Posts: 1,646 ✭✭✭victor8600


    tringlarido wrote: »
    thank you, it's a good idea I contacted the old employer. So I understand that you filled out the section "Irish Other income" ?

    No, this is not "Other Irish Income".

    ESPP is the same as "Share Option" (definition: share option, a benefit in the form of an option given by a company to an employee to buy a share in the company at a discount or at a stated fixed price).

    Form 11 has a section "Share Options exercised, released or assigned in 2017"

    In "Enter total chargeable amount", put the amount of gain (i.e. the difference between the discounted price of shares and the market price at the day of purchase).

    In "Enter amount of Relevant Tax on a Share Option (RTSO) paid" put the amount you have already pain by submitting your RTSO forms earlier. Or 0 if you have submitted no RTSO forms.

    --- Disclaimer: I am not an accountant, but I have been filling Form 11 for years and did get a tax clearance certificate so presumably I am doing it right ---


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