Revenue recently posted this e-brief in relation to growth shares. Growth shares are a special class of ordinary shares that generally have a low or nil value until a certain target or hurdle is reached by the business. Chapter 13 below has been updated as per below. IF you are running such a scheme we recommend you read this.
Tax and Duty Manual Share Schemes – Chapter 13, which deals with Growth Shares, has been updated:
- to confirm the filing deadline for the 2020 return is 31 August 2021
- to reflect the guidance included in the other share schemes manuals in relation to the valuation of shares.