Shares and options
Wages include the value of shares and options given to employees and directors.
Any employee contribution is not liable for payroll tax.
Employee share schemes
If the share or option is an Employee share scheme (ESS) interest you can elect to declare the taxable value of the share or option when it is granted or vested (the date when the employee is legally entitled to or receives the benefit). If you choose to declare on the granting date and the share or option is later rescinded, you can deduct the value of the wages previously declared in the same year the share or option was rescinded.
Shares in an unrelated corporation
If the share or option scheme is not an ESS interest, you need to declare the fringe benefit value as wages.