Introduction of Electronic Form RSS1 - Return of Share Options and other Rights

Companies are obliged to provide information to Revenue in relation to the grant, assignment or release of rights or the allotment of shares, or the transfer of any asset under rights granted in accordance with Section 128(11) Taxes Consolidation Act 1997.

Currently this information is provided on the Form RSS1.

Following the enactment of the Finance Act 2014 such information must be delivered in an electronic format approved by the Revenue Commissioners, not later than the 31 March in the year of assessment following the year in which any such event takes place.

To facilitate this requirement, an electronic version of the Form RSS1 is currently in development and will be made available to customers and agents in February 2015. This electronic version will be in spreadsheet format, tailored to capture the Form RSS1 information, and will make it easier and quicker to complete and submit the Form.

A further eBrief will issue when the electronic version of the Form RSS1 is available and will include detailed instructions and explanatory notes for customers and agents on the completion and filing of the electronic Form RSS1.

09 January 2015