If you are an employer who has operated a share scheme or has provided shared based remuneration to employees in 2022 you should be aware of the upcoming filing obligations.
The due date for such returns is 31st March 2023 and there are different returns required depending on the type of share scheme operated/share remuneration provided. We have outlined below the type of share schemes and the forms required for each.
Form RSS1:
- Share Options & other rights granted to directors/employees
Form ESA:
- Restricted Stock Units (RSU’s)
- Discounted / Free / Matching Shares
- Employee Share Purchase Plans (ESPP)
- Restricted Shares
- Convertible Shares
- Forfeitable Shares
- Phantom Shares
- Stock Appreciation Rights
- Growth/Hurdle/Flowering Shares
KEEP1:
- Key Employee Engagement Programme (KEEP) – Details of share options
ESS1:
- Approved Profit Sharing Schemes (APSS)
SRS01:
- Save As You Earn Schemes (SAYE)
ESOT1:
- Employee Share Ownership Trust (ESOT)
The detail required on the returns relates to the grant, assignment, release of rights, allotment of shares or transfer of any assets granted under these schemes/awards. It is important to note that trustees of approved share schemes must file an annual return (ESS1/SRS01/ESOT1) for each year even in cases where a nil return would be required and where no events have taken place in the year.
Contact Us:
If you require assistance with completion or submission of the above returns, please contact a member of our team:
- Ceire Muldoon, Tax Manager, (01) 644 0100
- Ronan McGivern, Tax Partner, (01) 644 0100
