Employer deduction of BIK tax/PRSI on share options

[ClubMan]

You might be better off ringing revenue to confirm, as it looks like your company has messed your tax up.

Yes - I know that. They have since refunded the BIK income tax and PRSI mistakenly deducted through payroll a few months ago and now the individual members need to make a late RTSO1 return and payment.

I know that I and my collegues had to send in form 11s for each year we were in the scheme (a complete pain I might add). Our scheme was a nightmare and I dropped out at the end as the hassle involved with the tax wasn't worth the couple of quid I made in profit.

I know what you mean but a 15% gross guaranteed return on 15% of gross income (or an additional 2.25% of gross income) is not to be be sneezed at even if does involve a little administrative hassle (and more than was necessary here due to the screw up with salary etc.).

Thanks for the info.