Revenue have issued some guidance on the recent Vodafone ‘Return of Value’ transaction which will impact a significant amount of people due to the purchase of shares in Eircom previously.

Return of Value to Vodafone Group plc (“Vodafone”) Shareholders & related share consolidation by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006.

This guide relates solely to the potential tax position on the proposed realisation by Vodafone shareholders (who acquired their shares in exchange for Eircom shares in 2001) of a Return of Value in accordance with the Vodafone Document dated 10 December 2013.

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