Irish ProShare Association

Lobbying Organisation Irish ProShare Association

Date published 20 May, 2024

Relevant Matter Legislation

Public Policy Area Taxation

Period 1 Sep, 2023 to 31 Dec, 2023

Specific Details IPSA is a not-for-profit organisation which advocates for employee share ownership. IPSA made a finance bill 2023 submission on behalf of its members to the Minister for Finance regarding changes provided for under Section 12 of the Finance Bill (No 2) 2023 regarding payroll withholding for share option gains from 2024. IPSA identified various challenges for employers in the very short period before the application of the new provisions and made a number of recommendations.

Intended results Deferral of the application of employer PAYE withholding for share options. Clarification/guidance regarding some practical queries on the application of the employer PAYE withholding. Consideration of IPSA recommendations

Name of person primarily responsible for lobbying on this activity Irish ProShare Association (IPSA)

Did any Designated Public Official(DPO) or former Designated Public Official(DPO) carry out lobbying activities on your behalf in relation to this return? You must include yourself, and answer Yes, if you are a current DPO or a DPO at any time in the past. (What is a Designated Public Official?) No

Did you manage or direct a grassroots campaign? No

Was this lobbying done on behalf of a client? No

Lobbying activity

The following activities occurred for this specific Subject Matter Area.

Letter (1)

Revenue officials were copied on this submission as IPSA suggested in its submission that some of IPSAs concerns with the provisions of the Finance Bill regarding payroll withholding for share option gains could be addressed by Revenue guidance or Revenue clarification.

Designated public officials lobbied

The following DPOs were lobbied during this return period on this specific Subject Matter Area. These DPOs were involved in at least one of the Lobbying Activities listed above, but not necessarily all of them. As returns are specific to a Subject Matter Area the above Lobbying Activities may be associated with multiple returns.

Michael McGrath Minister (Department of Finance)