by Adam Casey | Aug 17, 2018 | e-brief, EmployEEs
Employee (PAYE) Tax Credit Minor updates have been made to Tax and Duty Manual Part 15-01-07. The Manual relates to section 472 of the Taxes Consolidation Act 1997 which provides for a tax credit known as the “Employee Tax Credit” or “PAYE Tax Credit” to an individual...
by Adam Casey | Aug 15, 2018 | e-brief, Good To Know
Preferential Loans Tax and Duty Manual Part 05-04-01 has been updated to reflect changes made to the tax treatment of preferential loans as a result of Finance Act 2017. The Finance Act 2017 amendment ensures that a taxable benefit arises on an employee (or his or her...
by Adam Casey | Aug 10, 2018 | e-brief, EmployEEs, Payroll
Employee payroll tax deductions in relation to non-Irish employments exercised in the State A new Tax and Duty Manual, Part 42-04-65, has been created. It sets out the position regarding the tax treatment (PAYE) of employees who exercise non-Irish employments in the...
by Adam Casey | Aug 8, 2018 | e-brief, Good To Know
Income Tax credits and reliefs for individuals over 65 and individuals caring for those over 65 Certain content relating to Income Tax matters previously contained in the leaflet IT 45 (Tax credits and reliefs for over 65’s) has been incorporated and updated...
by Adam Casey | Aug 3, 2018 | e-brief, Good To Know
Share schemes The material contained in the Tax and Duty Manuals listed below has been incorporated into the relevant chapters of the new Share Schemes Tax and Duty Manual. Part 05-04-07 – Notional Loans relating to shares Part 05-05-04 – Share Options...
by Adam Casey | Aug 1, 2018 | e-brief, Good To Know
Notification to be a qualifying company To be treated as a qualifying company under section 110 TCA 1997, a company must notify Revenue that it is, or intends to be, a qualifying company. In order to be a ‘qualifying company’ a company must meet certain conditions,...
by Adam Casey | Jul 27, 2018 | e-brief, Good To Know
Chapter 23 of the Pensions Manual has recently been updated This update has brought the following changes to paragraph 5 of chapter 23: advise that individuals who received a Christmas bonus under S.I. No. 523/2017 – Social Welfare (Temporary Provisions) Regulations...
by Adam Casey | Jul 25, 2018 | e-brief
PAYE Exclusion Orders Tax and Duty Manual Part 42-04-01 relates to the circumstances in which a PAYE Exclusion Order may be issued by Revenue to an employer under Section 984 of the Taxes Consolidation Act (TCA) 1997. The Manual has been updated as follows: A new...
by Adam Casey | Jul 20, 2018 | e-brief, EmployERs
PAYE (Employers) Compliance Tax and Duty Manual PAYE (Employers) Compliance has been updated to reflect an employer’s obligations under the Income Tax (Employments) (Consolidated) Regulations 2001 (as amended) – commonly known as the PAYE Regulations. The...
by Adam Casey | Jul 18, 2018 | e-brief, Good To Know
Guidelines on PAYE, PRSI, Universal Social Charge (USC) Local Property Tax (LPT), monthly and annual estimates Revenue has released a useful ebrief on the Tax and Duty Manual Part 42-05-06, which sets out guidelines on PAYE, PRSI, USC, LPT monthly and annual...
