In addition to legislating for the changes to USC bands and rates and income tax bands and credits, the following new measures were introduced:
Tax on share options
With effect from 1 January 2024, gains realised on the exercise, assignment or release of a right to acquire shares or other assets will be taxed under the PAYE system and no longer be assessed under self-assessment.
Pension amendments
Existing anti-avoidance measures in relation approved retirement funds (ARFs) are extended to impose an income tax charge where a loan is made to a close company where the individual beneficially entitled to the assets of the ARF, or any person connected with that individual, is a participator in that close company.
Return to Finance (No.2) Bill 2023 Commentary
Our offices are strategically located to service our market and are easily accessed from any location nationwide.
Termini,
3 Arkle Road,
Sandyford, Dublin,
D18 C9C5, Ireland
RBK Incorporating OMC O’Malley & Company Limited,
Upper Chapel Street,
Castlebar, Co Mayo,
F23 PF21, Ireland
RBK House, Irishtown
Athlone,
Co. Westmeath,
N37 XP52, Ireland
RBK Incorporating MCP Accountants,
Breaffy Road,
Castlebar, Co Mayo,
F23 DY67, Ireland