Ireland: Employee share participation schemes, filing deadline 31 March 2022

Filing of 2021 returns of information for employee share participation schemes and certain cash settled schemes

Filing deadline 31 March 2022

The mandatory due date for the filing of 2021 returns of information for employee share participation schemes and certain cash settled schemes is 31 March 2022.

The deadline is important for companies with employees and directors that have been awarded shares, vested restricted stock units, participated in unapproved share options schemes, key employee engagement programme (KEEP) options, or certain Revenue-approved share participation schemes. Failure to comply with the mandatory filing obligation can result in a monetary penalty. 

A separate 31 March 2022 mandatory filing requirement also applies to the following Revenue-approved share participation schemes:

  • Form SRSO1 for “save as you earn” share options.
  • Form ESOT1 for employee share ownership trust transactions

Next steps

Employers may need to consider:

  • Reviewing current share plans and cash-based incentive arrangements so that the taxation and reporting position are fully understood—this may also be an opportunity to consider whether the current arrangements remain fit for purpose
  • Identifying the stakeholders that will be responsible for providing the information needed
  • Documenting the processes and procedures relating to securing the information including, when possible, automation
  • Assessing the reporting obligations in relation to domestic directors and employees and globally mobile employees
  • Preparing an employee communication regarding the information that will be disclosed to Ireland’s Revenue

Read a January 2022 report prepared by the KPMG member firm in Ireland


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