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Revenue rows back on Employer’s Share Awards form requirement

By June 16, 2021No Comments

Revenue has provided an update on the information that will be required as part of the new Employer’s Share Awards (ESA) electronic return of information form, which is being introduced this month.

Earlier this year, Revenue advised that it would require details of the grant/award of Restricted Share Units (RSUs) to employees even though the employee may not have a tax liability at the point of grant/award.

As a result of discussions with IPSA and other stakeholders, Revenue has rowed back on this requirement, stating that the request for information in relation to the award or grant of RSUs is currently optional and that only information regarding the vesting of RSUs will be mandatory.

Additionally, Revenue has confirmed that the original release date for the form of mid-June has been pushed back to 21st June. The submission deadline of 31st August remains the same, however, Revenue has agreed to take a pragmatic approach to this deadline.