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Monthly Archives: December 2010

From 1st January 2011 a new Universal Social Charge (USC) will be introduced replacing the current Health Contribution Levy and Income Levy

The calculation of payroll in 2011 has several changes including changes to Tax Credits and Standard Rate Cut Off Points. Many exempt benefits will now become taxable. PRSI will continue to apply but the new USC will replace the Helath Levy and income levy. USC relief will not be allowed on employee pension contributions and unlike the levies, there is no exemption from the USC for holders of full medical cards. By outsourcing your payroll to Paycheck Plus you need… Continue reading

Employer Tip December 2010 – Reward your employees tax free this Christmas

Employers can provide employees with a benefit tax free to a maximum of €250 once in a tax year.

The small benefit exemption must be in non-cash form, such as a voucher or hamper.  PAYE, PRSI and levy need not be applied to this benefit.    This exemption does not apply to a cumulative number of gifts but to one gift only.  The employer is exempt from paying Employers PRSI on the benefit and the cost… Continue reading