This year I will have to compile my first tax return. I have received the equivalent of 5,000 GBP in restricted stock of the Company I work for. I have already sold these shares and I know that I have to put this 5,000 GBP in my tax return but I have no idea how this has to be done and cannot find clear example on HMRC website. Do you have any document that can clarify to me how the tax return has to be filled in case an employee receive a bonus in terms of equity?
Just to give some more details:
I have been granted a number of restricted shares of the company I work for over the past few years and these have become vested and I was able to sell these stocks for an amount of about 5,000 GBP. The account where those shares have been credited has given me the opportunity to pay tax by using part of the shares. In particular, the responsible for the payroll in my company has told me that they withhold a marginal tax rate of 47%. So what I was able to send to my personal bank account after those shares have been sold, was the net after the 47% was retained. My total income is slightly above 100,000 GBP so I pay 40% marginal tax (plus 2% national insurance), but I also get a reduction of the non-taxable amount given I am above 100,000. Anyway, the payslip that I received after the selling of my shares showed some adjustment that I guess was processed by my company to refund me for the taxes I overpaid given they withhold 47%. It looks like I have paid the taxes on my shares bonus but I am pretty sure I still have to report this to HMRC in this year tax return. Hence the question.