On 27 April 2016, Irish Revenue published eBrief No. 44/16 on updates to the Tax and Duty Manual concerning IT 62 (A Guide to Profit Sharing Schemes).
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Tax and Duty Manual Part 17-01-03 (Profit Sharing Schemes)
Tax and Duty Manual Part 17-01-03 (PDF, 67KB) (Profit Sharing Schemes) has been updated to note amendments made to IT62, which is a Guide to Profit Sharing Schemes. The Guide has been amended as follows:-
- In paragraph 7.9, which deals with the exchange of shares, held in an Ap…