Share based remuneration – Revenue extends deadline for PAYE/PRSI payment

Following from a Department of Finance announcement earlier in the month regarding “grandfathering” rules for share schemes entered into before 1 January 2011, Revenue has issued an e-brief on the subject. As and from the 1 January 2011 share based payments to employees are subject to PAYE/PRSI and USC. Department of Finance announced previously that…

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Revenue notification of changes to RCT (C2) system

Revenue has issued a notifcation of forthcoming changes to the Revelant Contracts Tax System (RCT). It doesn’t give very much more information than was contained in the Finance Act. Interested parties should be making representations to their respective industry bodies to ensure their concerns are addressed. Read Revenue’s announcement here; or view my previous blog…

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Artist’s exemption Finance Act 2011 changes

Finance Act, 2011 introduced a cap of €40,000 on the amount of profits or gains in respect of which an individual is entitled to claim the artist’s exemption. The benefit of the exemption had been reduced since 2007 by virtue of the specified relief restriction. The specified relief restriction is the mechanism for ensuring high…

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