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Lobbying Records (Page 1 of 2)
2025-01-21
Politician(s) lobbied: Clare Costello (Assistant Secretary), Department of Finance
Intent: Recommending the introduction of a framework for EOTS in Ireland and any related changes to the taxation legislation for EOTs in Ireland similar to the EOT UK tax regime and seeking support for the introduction of such framework.
Methods: Meeting
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA met with officials from the Department of Finance on 23 October 2024 on behalf of its members requesting support for reforms to the taxation of employee ownership trusts (EOTs) and the introduction of legislation for EOTS following recommendations highlighted in the Indecon Review of Taxation of Share Based Remuneration. |
2025-01-21
Politician(s) lobbied: Jack Chambers (Minister), Department of Finance; Peter Burke (Minister), Department of Enterprise, Trade and Employment; Neale Richmond (Minister of State), Department of Finance; Emer Higgins (Minister of State), Department of Enterprise, Trade and Employment
Intent: Recommending the introduction of a framework for EOTS in Ireland and any related changes to the taxation legislation for EOTs in Ireland similar to the EOT UK tax regime and seeking support for the introduction of such framework.
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA wrote to 4 Ministers in November 2024 on behalf of its members requesting support for reforms to the taxation of employee ownership trusts (EOTs) and the introduction of legislation for EOTS following recommendations highlighted in the Indecon Review of Taxation of Share Based Remuneration. |
2024-09-20
Politician(s) lobbied: Jack Chambers (Minister), Department of Finance
Intent: Key Employee Engagement Programme (KEEP) – further enhancements are needed to make the scheme viable for the varied range of SMEs to which it is aimed. Changes to the SAYE scheme in terms of third party savings carriers ought to be introduced. A framework within the tax legislation for EOTs is recommended. Changes to share buy back regimes for private companies are recommended. Changes to tax legislation are recommended to remove the possibility of tax on the grant of share options.
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA made a budget submission on behalf of its members to the Minister for Finance requesting various changes relevant to legislation as it relates to share ownership and in particular KEEP |
| — | share buy backs |
| — | the removal of the possibility of options being taxed at the date of grant and also requesting changes to the SAYE framework and the introduction of a framework for EOTs. |
2024-05-21
Politician(s) lobbied: Michael McGrath (Minister), Department of Finance; David Hegarty (Assistant Secretary), Department of Enterprise, Trade and Employment
Intent: Indecon Consultants sought feedback on issues raised during the Department of Finance public Consultation on Ireland’s Taxation of Share Based Remuneration.
Methods: Virtual Meeting
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA attended a workshop hosted by Indecon Consultants which was a follow up from the Department of Finance public Consultation on Ireland’s Taxation of Share Based Remuneration. |
2024-05-21
Politician(s) lobbied: Michael McGrath (Minister), Department of Finance
Intent: The Department of Finance sought further feedback directly from companies utilising share based remuneration following submissions received on the Department of Finance public Consultation on Ireland’s Taxation of Share Based Remuneration and Indecon Consultants conducted/managed a follow up survey. IPSA facilitated the distribution via Indecon Consultants of the follow up survey to relevant IPSA corporate members at the request of the Department of Finance.
Methods: Email
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA distributed a Follow Up Survey at the request of the Department of Finance following the Department of Finance public Consultation on Ireland’s Taxation of Share Based Remuneration to relevant members of IPSA. |
2024-05-21
Politician(s) lobbied: Michael McGrath (Minister), Department of Finance
Intent: To provide feedback/suggestions on the practical operation of the Irish tax regime applying to share schemes and to make recommendations for to ensure the regime continues to meet the needs of modern companies and their employees.
Methods: Letter, Email, Submission
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA made a submission on behalf of its members on the Department of Finance public Consultation on Ireland's Taxation of Share Based Remuneration to the Minister for Finance through the Department of Finance portal on 22 January 2024. Such submission was in the form of responses to the specific questions raised in the public Consultation on Ireland's Taxation of Share Based Remuneration. |
2024-05-20
Politician(s) lobbied: Michael McGrath (Minister), Department of Finance
Intent: Deferral of the application of employer PAYE withholding for share options. Clarification/guidance regarding some practical queries on the application of the employer PAYE withholding. Consideration of IPSA recommendations
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA made a finance bill 2023 submission on behalf of its members to the Minister for Finance regarding changes provided for under Section 12 of the Finance Bill (No 2) 2023 regarding payroll withholding for share option gains from 2024. IPSA identified various challenges for employers in the very short period before the application of the new provisions and made a number of recommendations. |
2023-09-22
Politician(s) lobbied: Michael McGrath (Minister), Department of Finance
Intent: Key Employee Engagement Programme (KEEP) – some further enhancements are needed to make the scheme viable for the varied range of Small and Medium sized Enterprises (SMEs) to which it is aimed.Also a savings carrier for SAYE would mean this scheme is no longer in danger - the withdrawal of Ulster Bank from the Irish market leaves the scheme in a precarious position, with no Irish-licensed bank currently acting as a 'savings carrier' to facilitate the scheme.
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA made a budget submission on behalf of its members to the Minister for Finance requesting various changes relevant to legislation as it relates to share ownership in particular KEEP and also requesting a solution for the loss of the SAYE. |
2022-09-03
Politician(s) lobbied: Paschal Donohoe (Minister), Department of Finance
Intent: Support the continuation of the Save as You Earn (SAYE) scheme, by working to replace the departing Ulster Bank as the sole Irish-licensed bank acting as savings carrier to SAYE. Introducing an alternative medium for savings, for example, investigating scope for the NTMA to manage the SAYE cash deposits and support SAYE. Clarify and simplify legislation surrounding the KEEP scheme .
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA made a budget submission on behalf of its members to the Minister for Finance requesting various changes to the SAYE and KEEP. IPSA believe that the KEEP is an extremely beneficial and important scheme for SMEs. However |
| — | many potential candidates who have been keen to avail of the scheme have been unable to |
| — | due to not being able to meet the onerous conditions. |
2021-09-20
Politician(s) lobbied: Paschal Donohoe (TD), Dáil Éireann, the Oireachtas; Paschal Donohoe (Minister), Department of Public Expenditure and Reform; Paschal Donohoe (Minister), Department of Finance; Seán Fleming (TD), Dáil Éireann, the Oireachtas; Seán Fleming (Minister of State), Department of Finance
Intent: In respect of SAYE, a Ministerial Order to facilitate SAYE savings being held via alternative arrangements for example one of the state savings schemes or an amendment to tax legislation to allow the company that establishes and operates the SAYE scheme to hold funds. In respect of KEEP certain amendments to make the scheme more user friendly including amendments to the Companies Acts to facilitate share buy backs in connection with share schemes. An amendment to tax legislation re. long options
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | A pre Budget submission focusing on (i) the endangerment of the SAYE scheme given that there is no Irish-licensed bank acting as a 'savings carrier' to facilitate the scheme and suggested legislative amendments to resolve the position (ii) suggested amendments to the KEEP legislation and (iii) amendments to the Companies Act to facilitate share buy-backs and amendments to the TCA so that options can only be taxed at exercise instead of both grant and exercise for long options. |