Taxation of Exercised Options and Vested RSUs

[jericho.ie]

Just a general query but I'm getting conflicting advice and was hoping someone here could steer me in the right direction.

A person was granted Options and RSUs by their employer, as a deferred benefit, which vested after three years.

Upon vesting of the option the person exercises the option as it's "in the money". Is PAYE/ PRSI and USC self assessed and due to be paid via a self declared RTSO form? And is it based on the amount that landed in a EURO account (if this person's bank did the FX), or does a Revenue FX rate need to be used? The options were on a USD equity.

Ditto for the RSUs, they vested and converted to general stock/ common equity. Upon vesting or sale, how is the tax liability calculated? Is it again PAYE/ PRSI and USC or is it a capital gains tax?

Would appreciate any advice you can offer.

 

[srase]

The scheme would need to be reviewed but in general in the case of the share options you must pay tax via self assessment within 30 days of exercise date.

On the RSUs - the tax on these should have been deducted by employer through payroll system.

If you sell the shares (either on same day or later) any gain would be subject to cgt.