RTSO1 & ESPP

Coldwarrior said:
In time for the tax return but you need to pay the RTSO1 tax within 30 days of receiving the gain,
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Thanks Coldwarrior.

Do you mean to fill RTSO1 for next gain?

Because I missed to fill RTSO1 in 2019 and 2020.

Is it possible to pay them now to restore the situation with Revenue?
 
Just bumping this thread

Regarding the chargeable amount for the rtso

If the share value is 60
Purchase price (discount) is 45

Do I enter 15 as the chargeable amount ?

I assume I do and then I'll pay the tax on the 15

I just want to be sure I'm entering the "saving" on the price as the chargeable amount for RTSO
 
Just to note this shouldn't apply to shares exercised in 2024. It only applies to shares exercised in prior tax years. For shares exercised in 2024, it's should be sorted through payroll.
 
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relax carry on said:
Just to note this shouldn't apply to shares exercised in 2024. It only applies to shares exercised in prior tax years. For shares exercised in 2024, it's should be sorted through payroll.
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Yes, the shares were 2019-2023 in this situation
 
cally1990 said:
Yes, the shares were 2019-2023 in this situation
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In my experience the taxation of ESPP shares that I acquired during some of those years were also dealt with through payroll.
If this was not mandatory on companies then some must have been doing it anyway?
(If the acquired ESPP shares were held onto and subsequently sold then any CGT issues arising would have been my own responsibility).
Have you double checked that the tax issues haven't already been dealt with via payroll?
 
Actually, this is for a friend. He worked with Apple in Cork, and he reviewed all of this when he received a Revenue letter. He checked with payroll, they confirmed that nothing had been done on their end. He is now sorting out the RTSO (Relevant Tax on Share Options) and CGT (Capital Gains Tax), as he sold the shares himself at later dates.

He purchased the shares between 2019 and 2023.

He has now registered for income tax via MyAccount and is waiting for his RAN (Revenue Access Number) so he can set up ROS (Revenue Online Service).

He will then make the payment for the RTSO, complete the necessary form, and declare everything on Form 11s, along with the CGT for the years 2019 to 2023.

What I am more surprised by is apple gave him absolutely no paperwork or guidance for his tax obligations or support when being offered and subsequently purchasing the shares. He confirmed he got absolutely nothing ever regarding the tax side of things and he was left completely clueless with no support. You'd think for a company that large who are probably offering shares to employees that they would at least offer some general tax guidance or support via a leaflet or something but he said they got absolutely nothing


I'd another friend who previously worked in apple and checked with him because I know he was granted/given shares and he sold them too and he confirmed the same (no guidance or information was given)

I know apple will just say it's up to employees to figure it out or some other excuse but seems bad.

I know for 2024 it's dealt via payroll but either way , he is in this situation now and working backwards to figure out his obligations, tax due and filing the returns.
 
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Normally companies like that will outline the bare bones facts about the tax issues arising from such employee stock incentive schemes but they will never give advice as such. I would imagine that Apple (like a few US HQ'd multinationals that I worked for in the past) would have such info in some sort of employee booklet or other information source (online these days obviously). I doubt that they would say absolutely nothing about it.
 
I completely agree.

It has to be somewhere right?

Both of them confirmed they received nothing but I'm like you..... It just makes no sense for a company that large who operate share schemes to give (or have access to) absolutely nothing.

I'm doubtful on that front but even if they do, it goes to show staff aren't fully educated either way.

The friend who reached out to me was completely shocked and clueless (now... , that doesn't suprise me, people can be completely ignorant to tax on shares altogether

(or tax in general for that matter

It requires a certain "mindset"/interest for people I think
 
I wouldn't doubt that or be surprised at all. Many of my colleagues in different jobs who would've had tax issues arising from employee stock incentive schemes had little knowledge and less interest in them and, consequently, just ignored them. I presume that Revenue eventually caught up with them but I don't know. In all cases the employers set out the bare facts about the tax issues and suggested that employees get their own tax advice if necessary. Over the years some of the tax issues moved to payroll so that they were done at source but at the very least any CGT issues remained the responsibility of the individuals. I would be very surprised if a company as big as Apple didn't provide some basic information on the Irish tax issues pertaining to their employee stock incentive schemes.
 
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