Employment Tax Alerts 

• Flash – Employment Tax Alert (PDF, 127kb)
  April 2013
  
  Our Alert of December 2012 advised that Revenue (eBrief 69/12) confirmed that they would facilitate the granting of a “real time” foreign tax credit via payroll where a gain in respect of Restricted Stock Units (“RSU”) is taxed both in Ireland and a country with which Ireland has a Double Taxation Agreement (“DTA”).Revenue guidance on this matter has been updated recently (eBrief 15/13).
  
  
• Flash – Employment Tax Alert (PDF, 127kb)
  February 2013
  
  31 March 2013 is the mandatory due date for the filing of Returns Of Information for employee share participation schemes in respect of 2012. Failure to comply with this mandatory filing obligation will result in a penalty and, in the cases of Revenue approved schemes (such as Approved Profit Sharing Schemes, Employee Share Ownership Trusts and “Save As You Earn” schemes) Revenue approval can be withdrawn.
  
  

See also:

• Flash – Employment Tax Alert (PDF, 198kb)
  December 2012
  
  In eBrief 69/12 (14 December2012) Revenue confirmed that they will facilitate the granting of a "real time" foreign tax credit via payroll where a gain in respect of a Restricted Stock Unit (RSU) is taxed both in Ireland and a country with which Ireland has a Double Taxation Agreement.
  
  
• Flash – Employment Tax Alert (PDF, 190kb)
  July 2012
  
  You will be aware from previous Flash Alerts of the significant changes to the taxation and collection of taxes arising on “share based remuneration” which came into effect on 1 January 2011. In the case of Revenue approved schemes (Approved Profit Sharing Scheme and SAYE Options) the gains arising are subject to Universal Social Charge (USC) and employee PRSI. For unapproved schemes the gains arising are subject to income tax, USC and employee PRSI.
  
  
• Flash – Employment Tax Alert (PDF, 96kb)
  January 2012
  
  31 March 2012 is the mandatory due date for filing of Returns of Information for employee share participation schemes in respect of 2011. Failure to comply with this mandatory filing obligation will result in a penalty and, in the cases of Revenue approved share schemes (such as Approved Profit Sharing Schemes, Employee Share Ownership Trusts and “Save As You Earn” Schemes), Revenue approval can be withdrawn.
  
  
• Flash – Employment Tax Alert (PDF, 116kb)
  January 2012
  
  The Revenue Commissioners have recently issued an eBrief (84/11) linking a Tax Briefing (Issue 06 December 2011) outlining their position as to the PAYE treatment of income arising from having or exercising the public office of director of an Irish incorporated company.
  
  
• Flash – Employment Tax Alert (PDF, 193kb)
  January 2012
  
  The Revenue Commissioners have recently issued 3 e-Briefs dealing with Universal Social Charge ('USC‛)
  
  
• Flash – Employment Tax Alert (PDF, 168kb)
  August 2011
  
  The Minister for Social Protection issued a press release and notice setting out the Department of Social Protection’s current position on employer and employee PRSI in relation to share based remuneration and Personal Retirement Savings Accounts (“PRSAs”). The relevant governing legislation will be included in the next Social Welfare Bill later this year.
  
  
• Flash – Employment Tax Alert (PDF, 907kb)
  April 2011
  
  Revenue has issued a further e-brief relating to other aspects of the taxation and PRSI treatment of share based remuneration. This is essentially their guide to Finance Act 2011 changes
  
  
• Flash – Employment Tax Alert (PDF, 874kb)
  April 2011
  
  Finance Act 2011 contained many significant changes to the tax treatment of share based remuneration for both employees and employers. These changes will impact on all employers who are providing share based remuneration to employees as the burden of tax payments has mostly shifted to the employer.
  
  
• Flash – Employment Tax Alert (PDF, 200kb)
  March 2011
  
  Revenue clarification on some aspects of the taxation of share based remuneration introduced by Finance Act 2011.
  
  
• Flash – Employment Tax Alert (PDF, 200kb)
  March 2011
  
  The Department of Finance announced that the charge to employer and employee PRSI will not apply where the share based remuneration was subject to a written agreement, entered into between the employer and employee before 1 January 2011.
  
  
• Flash – Employment Tax Alert (PDF, 415kb)
  February 2011
  
  Personal Fund Threshold (“PFT”) Notification Form released by Irish Revenue Commissioners.
  
  
• Flash – Employment Tax Alert (PDF, 1.5MB)
  February 2011
  
  31 March 2011 is the mandatory due date for filing of Returns of Information for employee share participation schemes.
  
  
• Flash – Pensions Alert (PDF, 415kb)
  February 2011
  
  The pensions landscape has significantly altered with changes to the tax relief afforded to pension funds announced during Budget 2011 (7 December 2010) and confirmed in Finance Bill 2011. These changes will potentially impact anyone that is providing for their personal pension as well as employers, and therefore requires immediate attention.
  
  
• Flash – Significant Changes to the Taxation of Share Incentive Schemes in 2011 (PDF, 241kb)
  January 2011
  
  Budget 2011 made a number of changes to the tax treatment of gains arising from various types of share schemes, including making such gains chargeable to the new Universal Social Charge (USC). While the governing legislation is not yet in place, Revenue has recently issued a guidance note outlining the likely impact of these changes.