Employee (PAYE) Tax Credit

Employee (PAYE) Tax Credit

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...
Preferential Loans

Preferential Loans

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...
Share schemes

Share schemes

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...
Notification to be a qualifying company

Notification to be a qualifying company

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,...
PAYE Exclusion Orders

PAYE Exclusion Orders

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...
PAYE (Employers) Compliance

PAYE (Employers) Compliance

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...