Robert Troy (Longford-Westmeath, Fianna Fail)
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269. To ask the Minister for Finance the number of companies who availed of KEEP each year since its introduction, in tabular form. [44358/24]

Jack Chambers (Dublin West, Fianna Fail)
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Section 128F of the Taxes Consolidation Act (“TCA”) 1997 provides for the Key Employee Engagement Programme ("KEEP”), which came into effect on 1 January 2018. The aim of the incentive is to support SMEs in Ireland in competing with larger enterprises to recruit and retain key employees, by way of a targeted share option programme. Where the provisions of section 128F TCA 1997 are met, an exemption from income tax, USC and PRSI applies to a qualifying employee on any gain realised on the exercise of a qualifying share option.

Section 128F imposes an obligation on every qualifying company to file a return with Revenue for any year in which it grants an option to an employee, or any year in which an option is exercised, transferred, or released. This return is known as the KEEP1 and it must be filed on or before 31 March in the year following the grant, exercise, transfer or release.

The table below represents the number of companies who filed a KEEP1 return for each year since the introduction of the KEEP scheme. Due to the fact that, as noted above, a company is obliged to file a return for each year in which it grants an option to an employee, and each year in which an option is exercised, transferred, or released, the same company may be included in one or more tax years presented in the table below.

This data represents a point in time position based on the information available to Revenue as of 24 October 2024 . It should be noted that these figures may be subject to review and accordingly may be revised at a later date.

Robert Troy (Longford-Westmeath, Fianna Fail)
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270. To ask the Minister for Finance the cost of the section 23 allowance in each of the years 2007 and 2008, in tabular form [44359/24]

Jack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that the costs of the Section 23 allowance (‘Rented Residential Relief' ) in 2007 and 2008 are set out in the Cost of Tax Expenditures publication, which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx

The figures are as follows: €133.6 million in 2007 and €74.7 million in 2008.