Share Awards to Employees – Mandatory Reporting to Revenue
If any type of share awards have been given by a company to employees in any year, it is now mandatory to report this to Revenue before 31 March in the following year. Therefore, if you have given any kind of share awards to employees during 2022, the deadline is 31 March 2023. Furthermore, you must report it electronically.
We would be very happy to assist you with your reporting obligations. If it applies to you, please let me know immediately of any share awards. This could include, but is not limited to:
- Share options
- Convertible shares
- Restricted shares
- Forfeitable shares
- Cash equivalents
- Share discounts
- So-called “growth/flowering” shares
- KEEP shares
- Approved profit sharing schemes
- Save as you earn schemes
If you wish to deal with your obligations yourself, this link gives you all the information you will need to complete and submit the form. Please note that there are significant penalties for non-compliance. Please also note that Revenue are focusing on this area.
Please allow sufficient time for us/you to register for this reporting obligation, collate all the information and make the submission in time for the 31 March 2023 deadline.
If you have any queries, whatsoever, please call your usual PSC contact.