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Hares. An amount known as ‘Relevant Tax on a Share Option’ (RTSO) in respect of the income tax liability must be paid not later than 30 days after the date on which the share option is exercised. RTSO is to be calculated at the highest rate of income tax in force when the option is exercised, unless a person will be chargeable at the standard rate of income tax for the particular tax year and has applied for and obtained written approval to pay at the standard rate from his or her local Tax .

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