Lesley Aitchison
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Treatment of Disqualifying Dispositions of Incentive Stock Options
Hello, We received this form our parent company in the US: 'Two employees had “disqualifying dispositions” of (ISO options) because they sold these ISO shares before the end of the required holding period one year from the date of exercise. Therefore, a taxable gain has arisen from this sale as outlined below needs to be reported as “ordinary income” in 2024 and shown on their YTD payroll tax documents (P45). (no withholding/payroll taxes need to be deducted through payroll).' How do we treat these for payroll purposes? or should the employees account for them on their Self Assessment tax return? We cannot add to an employees taxable pay without there bieng a tax liability to be paid? -
Claiming VAT back on credit card purchases
Our office manager uses a company credit card to buy and book things for the company. The receipts have everything on them to claim back VAT but they are made out in the Office managers name not the company name, can we still claim back the VAT