Key Employee Engagement Programme (KEEP)

Sep 09, 2019

Revenue’s Tax and Duty Manual - Share Schemes Chapter 9, which deals with the Key Employee Engagement Programme (KEEP), has been updated to reflect the changes to the definition of a “qualifying share option”. 

The changes to the definition at section 128F 1(d) of the Taxes Consolidation Act 1997 were introduced by section 11 Finance Act 2018 but were subject to Commencement Order as EU approval was required.  The Commencement Order (S.I. 424/2019) is signed and gives effect to the changes from 1 January 2019.

You can read the changes to section 128F 1(d) highlighted on TaxSource.