Have Tax Questions? Ask a Tax Expert for Answers ASAP
I am one of the experts. Your employer might have deducted tax already via paye. Is that the case?
Sorry i am stuck somewhere so opting out. One of other experts will get back to you now. Good luck.
Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.
Is this Incentive Plan HMRC approved?
Then there is no Income Tax (IT) due on vesting if it is approved. The fact that tax has been deducted puts that in doubt. You will have to ascertain the true position regarding HMRC approval of the scheme.
Exactly, it sound suspiciously like an US company.
Hmm, you will probably find that you have been over taxed at the conclusion of the tax year.
In my opinion, no assuming that the scheme was approved.