Social Welfare and Pensions Act 2012
Share-based remuneration — amendments to PRSI liability. |
10.— Section 2(1) of the Principal Act is amended in the definition of “share-based remuneration” (inserted by section 13 of the Social Welfare Act 2011 )— | |
(a) in paragraph (d), by substituting “section 510(2) of that Act,” for “section 510(2) of that Act, and”, | ||
(b) in paragraph (e), by substituting “section 519A of that Act, and” for “section 519A of that Act,”, and | ||
(c) by inserting the following paragraph after paragraph (e): | ||
“(f) in the case of emoluments (within the meaning of section 983 of the Act of 1997) received by an employee or director in the form of shares (including stock) in— | ||
(i) the company in which the employee or director holds his or her office or employment, or | ||
(ii) a company which has control (within the meaning of section 432 of the Act of 1997) of that company, | ||
the amount referred to in section 985A(3) of the Act of 1997,”. |