Revenue have issued an eBrief outlining that, with the exception of travel passes and shares under an approved profit share scheme, all other circumstances where salary sacrifice arrangements are in place, the salary foregone is treated as an emolument of the employee and is chargeable to income tax as such.

Revenue are expected to issue further guidance on the FA08 provisions. eBrief No. 27/2008 is reproduced at Section 2.03.