Tax concern over share plan changes

TAX professionals have expressed concern that changes to the tax treatment of employee-share schemes in the Finance Bill for this year will have a negative impact on foreign direct investment.

They told the Revenue Commissioners that the majority of multinational corporations with employees in Ireland “provide access to some form of a share scheme”.

Minutes from February’s meeting of the Revenue’s Taxes Administration Liaison Committee state that the Finance Bill’s changes to how share schemes are treated, “particularly the application of employer’s PRSI”, will be a priority for the committee’s technical sub-committee.