Finance Act 2025

Amendment of section 128F of Principal Act (key employee engagement programme)

19. (1) Section 128F of the Principal Act is amended—

(a) in subsection (1)—

(i) in the definition of “excluded activities”, by the substitution of the following paragraph for paragraph (c):

“(c) financing activities,”,

and

(ii) by the substitution of the following definition for the definition of “financial activities”:

“ ‘financing activities’ has the same meaning as in section 489;”,

(b) in subsection (3), by the substitution of “1 January 2029” for “1 January 2026”, and

(c) in subsection (6A)(a), by the substitution of “1 January 2029” for “1 January 2026”.

(2) Paragraphs (b) and (c) of subsection (1) shall come into operation on such day as the Minister for Finance may appoint by order.