Over the coming weeks, Revenue will write to employers and employees participating in employee share schemes. Current Revenue data indicates significant non-compliance with Relevant Tax on Share Options (RTSO) and CGT in respect of employee share schemes. We will circulate copies of the letters via Tax News once they are made available to us.
A key message coming from Revenue is that it intends to proceed with Level 2 interventions where there is non-compliance by participants of employee share schemes. However, Revenue also acknowledged more can be done to communicate compliance requirements to employees participating in such schemes. We will keep members updated via Tax News.