Revenue has updated the Tax and Duty Manual which provides guidance on Save As you Earn Schemes (SAYE). The updated manual reflects recent legislative changes to the taxation of unapproved share options (section 12.11).
Under certain circumstances, a SAYE (Save As You Earn) option may be treated as an unapproved share option. Gains realised on or after 1 January 2024 which are chargeable to tax under section 128 TCA 1997 are no longer taxed under self-assessment. From 1 January 2024 the employer is obliged to remit the relevant taxes through payroll.