Clementine Farrell

1 month ago | lexology.com | Eleanor Cunningham |Donal Hamilton |Clementine Farrell

Click here to watch the videoIn this webinar Eleanor Cunningham, Donal Hamilton and Clementine Farrell were joined by Mark McDonagh of Bright Software to discuss the introduction of the Auto-Enrolment Retirement Savings Scheme.

May 17, 2024 | lexology.com | Eleanor Cunningham |Clementine Farrell |Beth Devlin

Revenue approved Save As You Earn (SAYE) Schemes offer employees a risk-free savings method with the option to purchases company shares in a tax efficient manner. For employers, an SAYE Scheme can encourage employee engagement and improve retention. While historically a very popular scheme, following Brexit the number of licensed savings carriers in the Irish market fell and the last licensed savings carrier exited the market in early 2021.

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.