New Feature: Share Remuneration

We’ve added a Share Remuneration system item to help you correctly process and report share-based remuneration through payroll.

The responsibility for paying the relevant taxes and filing the required returns for share awards shifted to employers on 1 January 2024. This new item is designed to make it simpler to capture these awards in payroll, while meeting the related reporting requirements.

What is Share Remuneration?

Share remuneration is when an employee receives company shares as part of their remuneration package – for example, as a bonus or through an employee share scheme.

On SimplePay, Share Remuneration is captured as a once-off item and appears on the payslip as a benefit.

This feature supports both:

• Taxable share remuneration (included for income tax purposes); and
• Non-taxable share remuneration (excluded from income tax but still reportable).

How does it affect PAYE, USC, and PRSI?

Since Share Remuneration is recorded as a benefit, it increases gross pay but does not increase Nett Pay (as it’s not a cash payment). The Non-taxable option changes only the PAYE treatment; USC and employee PRSI still apply regardless of whether the Non-taxable option is selected. Employer PRSI does not apply to this payment type.

Need a hand?

Please see our help page for more detailed information. If you’d like help setting this up in your payroll, please contact our friendly Support team at support@simplepay.cloud.

This feature is still new, and we welcome any feedback you may have. You can share your thoughts by clicking on the NEW feature label next to the item. Any input is appreciated so that we can make improvements that benefit you!

Take care,

Team SimplePay