Revenue pursues workers over share option profits

Written By Unknown on Jumat, 31 Oktober 2014 | 22.40

Revenue is pursuing millions of euro in unpaid tax from workers in some of the biggest companies based in Ireland.

RTÉ News understands the move is focusing on employees who cashed in company shares but failed to pay tax.

Some staff at Google's Dublin office are among those who have been asked by the Revenue to pay taxes owed on profits made from share options.

Revenue is calling this a "compliance programme" for people who exercised a share option within their company in recent years.

The responsibility for paying tax on these profits falls to the workers.

A Google spokesperson said it is a matter for individual tax payers and not relevant to Google from a company perspective.

Revenue expects the move to yield a figure in the low millions of euro.

The programme, begun this summer, covers a wide range of businesses and sectors, a Revenue spokesperson said.

From now on profits from such shares will be a regular feature of Revenue's work.

A new online reporting system will be launched early next year where companies will report details of staff who have exchanged shares for cash.


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