Section 897B Returns of information in respect of awards of shares to directors and employees
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Amendments
Section 897B inserted by Finance Act 2010 section 18(1)(a) from 1 January 2010 in respect of shares awarded on or after 1 January 2009.
(1) In this section—
"director", "employee" and "employer" have the meanings, respectively, given to them by section 770(1);
"shares" includes stock and securities within the meaning of section 135.
(2)(a) Where in any year of assessment an employer or other person awards shares to a director or employee and income tax under Schedule D or Schedule E may be chargeable on the director or employee in respect of the shares awarded, the employer or other person, as the case may be, shall deliver to the Revenue Commissioners on or before 31 March in the year of assessment following the year in which the award was made, particulars of all such awards.
(b) Paragraph (a) shall not apply where the employer or person, as the case may be, is obliged to provide such particulars under any other provision of the Income Tax Acts.
