BrightPay Ireland does not have a dedicated module for administering, granting, or tracking employee share options or share schemes. However, you can still process and report taxable events related to employee share options using the software's built-in additions and pay items.

How to Track and Report Employee Share Options in BrightPay Ireland

1. Reporting Share Option Gains (RTSO)

• When employees exercise share options and there is a taxable gain, employers are required to report Relevant Tax on Share Options (RTSO) to Revenue.
• This is not reported through your regular payroll submission (PAYE Modernisation), but instead via a separate RTSO1 return to Revenue: 

2. Processing Share Option Payments in Payroll

• If you need to report any gain or benefit that is taxable through payroll (usually only certain share-based benefits), you can:
• Add a custom Addition to the employee’s payslip (label it clearly, e.g., “Share Option Gain”).
• Enter the taxable amount as instructed by your tax advisor or Revenue.
• This will then be included in the gross pay and subject to PAYE/USC/PRSI, if required.

3. Maintain Separate Records

• Because BrightPay Ireland does not specifically track or manage share options or vesting schedules, maintain all detailed records of grants, vesting dates, and exercises outside of BrightPay (typically in your HR or finance system).

4. File RTSO Returns Separately

• Complete the annual or event-based RTSO1 return through Revenue Online Service (ROS) for all share option exercises as required by Irish tax law.