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2 months ago | 
mondaq.com | Alan Heuston |Eleanor Cunningham |Caitríona Callanan
Employers must report details of share incentive schemesoperated during 2024 with Revenue by 31 March 2025. The samedeadline applies to trustees of certain share schemes in2024. Share incentive: Restricted Stock Units,Discounted or Free Shares, Restricted Shares, ConvertibleSecurities, Forfeitable Shares, Growth Shares, Hurdle Shares,Phantom Shares, Stock Appreciation Rights and any other award witha cash payment equivalent to shares.
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Oct 9, 2024 | 
lexology.com | Alan Heuston |Eleanor Cunningham |Caitríona Callanan
Share-based remuneration (“SBR”) has long been cited as an efficient way to attract, incentivise and retain employees and directors in a competitive employment landscape. Following a government consultation on SBR incentives, Indecon Economic Consultants considered the submissions made and evaluated policy developments in Ireland and internationally. Indecon’s report, published on 1 October 2024, contains six recommendations to the Government on the way forward for Ireland.
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Oct 9, 2024 | lexology.com | Alan Heuston |Eleanor Cunningham |Caitríona Callanan
Share-based remuneration (“SBR”) has long been cited as an efficient way to attract, incentivise and retain employees and directors in a competitive employment landscape. Following a government consultation on SBR incentives, Indecon Economic Consultants considered the submissions made and evaluated policy developments in Ireland and internationally. Indecon’s report, published on 1 October 2024, contains six recommendations to the Government on the way forward for Ireland.
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Feb 26, 2024 | 
lexology.com | Alan Heuston |Eleanor Cunningham |Caitríona Callanan
The deadline for annual share scheme reporting is fast approaching. 31 March 2024 is the mandatory filing deadline for employer returns of information in relation to employee share incentive schemes operated in 2023. Employers may be subject to financial penalties if they fail to comply with their reporting obligations.
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Feb 26, 2024 | lexology.com | Alan Heuston |Eleanor Cunningham |Caitríona Callanan
The deadline for annual share scheme reporting is fast approaching. 31 March 2024 is the mandatory filing deadline for employer returns of information in relation to employee share incentive schemes operated in 2023. Employers may be subject to financial penalties if they fail to comply with their reporting obligations.
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Feb 6, 2024 | 
lexology.com | Alan Heuston |Caitríona Callanan
Established during the Covid-19 pandemic, the Debt Warehousing Scheme (DWS) allowed eligible taxpayers to defer VAT and PAYE liabilities on an interest-free basis for a certain period of time, and thereafter at a reduced rate of 3% providing much needed cash-flow support to businesses. More than €3 billion of debt belonging to 105,000 businesses has been deferred under this scheme. Yesterday the Government announced that the interest rate applicable to warehoused debt will be reduced to 0%.
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Feb 6, 2024 | lexology.com | Alan Heuston |Caitríona Callanan
Established during the Covid-19 pandemic, the Debt Warehousing Scheme (DWS) allowed eligible taxpayers to defer VAT and PAYE liabilities on an interest-free basis for a certain period of time, and thereafter at a reduced rate of 3% providing much needed cash-flow support to businesses. More than €3 billion of debt belonging to 105,000 businesses has been deferred under this scheme. Yesterday the Government announced that the interest rate applicable to warehoused debt will be reduced to 0%.
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Oct 27, 2023 | 
lexology.com | Alan Heuston |Eleanor Cunningham |Caitríona Callanan |Clementine Farrell
Employers will be required to report and make withholdings under the PAYE system on any gains arising on or after 01 January 2024 upon the exercise, assignment or release of unapproved share options by employees/directors. This is in contrast with the current rules which require employees/directors to report and remit taxes arising upon exercise on a Form RTSO1 and to subsequently file an income tax return under the self-assessment system.
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Oct 19, 2023 | 
lexology.com | Caitríona Callanan |Alan Heuston
Revenue recently published updated guidance for Phased Payment Arrangements (“PPAs”) in eBrief No. 205/23 which is of particular importance to taxpayers who have debt warehoused under the COVID-19 support scheme and do not yet have a PPA. Debt WarehousingApproximately 6,000 taxpayers have warehoused debt balances of over €50,000 which totals €1.6 billion of the entire warehoused debt under the COVID-19 support scheme.
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Oct 19, 2023 | lexology.com | Caitríona Callanan |Alan Heuston
Revenue recently published updated guidance for Phased Payment Arrangements (“PPAs”) in eBrief No. 205/23 which is of particular importance to taxpayers who have debt warehoused under the COVID-19 support scheme and do not yet have a PPA. Debt WarehousingApproximately 6,000 taxpayers have warehoused debt balances of over €50,000 which totals €1.6 billion of the entire warehoused debt under the COVID-19 support scheme.
