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IRD changes to employee share scheme (ESS) benefits

Inland Revenue will be making changes to tax legislation applying to employee share schemes (ESS).

As of 1 April 2017, Inland Revenue (IRD) will be making changes to tax legislation applying to employee share schemes (ESS). This may affect how ESS payments are categorised in terms of gross earnings for leave purposes. However, it should be noted this is a change in tax legislation and not to the Holidays Act 2003. Anyone who is unsure of how the changes will affect categorisation of gross earnings for leave purposes should consult section 14 of the Holidays Act 2003 (external link) , or seek independent legal advice.

For information on how this change will affect categorisation of gross earnings for tax purposes, go to the IRD website (external link) , or to request further guidance submit a request through your customer myIR Online Service account, or by telephone. Contact details are available on the IRD contact us (external link) page.

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