2022 Employer Share Scheme reporting
31 March 2023 deadline
What is the reporting obligation?
There are several annual reporting obligations for employers who operate share schemes for their employees which are due by 31 March following year end.
Multiple forms are potentially required, as outlined in the table below. Important to note is the ESA Form which was introduced in 2020 and greatly increased the scope of employer share scheme reporting.
| Form Name | Plan Type |
| ESA | Restricted Stock Units (RSUs), Performance Share Plans (PSPs), Restricted Shares, Forfeitable Shares, Convertible Securities, Discounted Share Awards and any other award with a cash payment equivalent to shares (i.e. cash settled plans). |
| RSS1 | Share options and other rights |
| KEEP1 | KEEP options |
| ESS1 | Approved Profit Share Schemes (APPS) |
| SRSO1 | Save As You Earn (SAYE) |
| ESOT | Employee Share Ownership Trust |
Why is it important to get this reporting right?
The Irish 2023 Budget signaled an intention by the Revenue to focus on Pay-As-You-Earn (PAYE) compliance with a continuing emphasis on share schemes.
We are continuing to see evidence of this in practice with Revenue actively reviewing Share Scheme Reporting Forms and raising enquiries where there are discrepancies between the Forms and information reported via PAYE and/or employees personal tax reporting.
It is therefore more important than ever that employer Share Scheme Reporting is completed accurately and on a timely basis.
How can we help?
If you would like to discuss this further, or have any questions, please speak to your usual Deloitte contact.
Alternatively, please reach out to the equity incentives team below:
Daryl Hanberry, Partner | dhanberry@deloitte.ie
Sarah Conry, Director | sconry@deloitte.ie
Kelly Payne, Director | kepayne@deloitte.ie
Niall Dunleavy, Senior Manager | nidunleavy@deloitte.ie
