New KEEP guidance published

Apr 23, 2018

Guidance from Revenue on the KEEP share option scheme which aims to help SMEs attract and retain talent in a highly competitive labour market is published as part of the Revenue’s new Share Schemes Tax and Duty Manual. 

The KEEP scheme or Key Employee Engagement Programme was introduced by Finance Act 2017 and is contained in section 128F of the Taxes Consolidation Act 1997.  The guidance covers the conditions of the scheme and illustrative examples are provided.  We are engaging with Revenue via the TALC forum on development of this guidance and will continue to make representations on areas requiring further guidance. 

The new Share Scheme Manual, of which the KEEP guidance is included as Chapter 9, consolidates all of the existing Revenue guidance material in relation to share schemes.