An employer contribution to a Personal Retirement Savings Account (PRSA) is a chargeable benefit-in-kind for tax purposes in the hands of the employee. As the Universal Social Charge (USC) treatment follows the income tax treatment, USC should be deducted on this employer contribution. While these contributions are regarded as a taxable benefit in the employee's...
Read More >Where an employee has more than one employment, it is important that tax credits, standard rate cut-off points and Universal Social Charge cut-off points are allocated correctly between the employments. (more…)
Read More >JobBridge is the National Internship Scheme that provides work experience placements for interns for a 6 or 9 month period. Its aim is to help jobseekers gain valuable experience who are unable to get a job without experience. This can be as new entrants to the labour market after education or training or as unemployed candidates...
Read More >A standard flat rate expenses allowance (deduction) against tax is set by Revenue for various classes of employees. (more…)
Read More >JobsPlus is an innovative incentive for employers which was introduced by the Department of Social Protection from July 1st 2013. The aim of the scheme is to reward employers who provide full-time employment opportunities to people who have been unemployed for more than 12 months. There are 2 levels of payment: (more…)
Read More >PRSI Earning Bands Employers should be aware of an anomaly caused by the earnings thresholds on PRSI Class A contributions. Class A is the most common PRSI class and covers employees under the age of 66 in industrial, commercial and service-type employment who have reckonable pay of €38 or more per week from all employments...
Read More >The Revenue Commissioners have recently issued a reminder to employers and pension providers of their obligations in relation to deduction at source (DAS) of Local Property Tax (LPT) from wages, salary or an occupational pension. Employers and pension providers are obliged to collect and account for LPT on behalf of employees when instructed to do...
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