Revenue eBrief No. 192/24
12 July 2024
Share Schemes
Tax and Duty Manual - Share Schemes Manual Chapter12 - has been updated in section 12.11 to reflect recent Finance Act 2023 changes to the taxation of unapproved share options.
Under certain circumstances, a SAYE (Save As You Earn) option may be treated as an unapproved share option. Gains realised on or after 1 January 2024 which are chargeable to tax under section 128 TCA 1997 are no longer taxed under self-assessment. From 1 January 2024 the employer is obliged to remit the relevant taxes through payroll.