Dáil Éireann Debate, Thursday - 30 November 2023
319. Deputy Pearse Doherty asked the Minister for Finance the revenue raised from restricting the employers’ PRSI exemption for share-based remuneration to micro, small and medium-sized enterprises; and if he will make a statement on the matter. [53108/23]
View answerI am advised by Revenue that the estimate for the additional annual revenue associated with the removal of the existing employer’s PRSI exemption from share-based remuneration for employers of all sizes remains €275 million.
As I have previously advised, a breakdown of the potential revenue by employer size is not available.
As announced in my Budget speech, my Department will shortly be launching a wide ranging public consultation on share-based remuneration. This will form part of a comprehensive review of share-based remuneration. The purpose of the review and consultation is to gain an up to date understanding of the current share scheme environment. This will include consideration of the employers’ PRSI exemption.
