Paycheck Plus - Making Payroll Easy

As Easter approaches us again, we remind employers that Good Friday is NOT a statutory Public Holiday.   Many people assume that Bank Holidays  and Public Holidays are one and the same thing but not so.  Good Friday is a holiday for the Banks (and many other businesses).Employers are not obliged to give a day off or pay Public Holiday entitlement for Good Friday, unless it is part of an agreement, ERO, JLC or taken as a day’s holiday.

Easter Monday, on the other hand, is a Public Holiday.  Employees who work or are required to work (i.e. rostered) on a public holiday are entitled to a paid day off on the public holiday, or a paid day off within a month: or an extra day’s annual leave; or an extra day’s pay as the employer may decide.

Employees who are not normally required to work or are not rostered to work on a public holiday will be entitled to one fifth of the normal weekly rate of remuneration for the public holiday.

For further information on how these days will affect your payroll calculations, just contact one of our payroll team by e-mailing info@paycheckplus.ie or calling our Payroll office on 1890 552 552.

Are your employees due a refund for Income Levy paid in 2009 and 2010?

 Where an employee’s total gross pay for the year does not exceed €15,028 a refund may be due.

 Employees may be due a refund for Income Levy paid in 2009 and 2010. The employee can contact the Revenue directly for a refund of any income levy overpayment after year end. Just complete the form on the below link to claim any Income Levy refund due.

 http://www.revenue.ie/en/tax/income-levy/refunds.html

 Employees will find all income levy details on their Income Levy Certificates, which were issued with their P60’s at year end.

 The following employees were exempt from the income levy:

•  Employees aged 65 or older where their income did not exceed €20,000 for single individuals and €40,000 for married individuals
• Employees who’s income did not exceed the exempt amount (e.g. from 1 May 2009, €15,028)
• Full medical card holders
• Individuals that were in receipt of social welfare payments

 1st January – 30th April 2009

If an employee’s income exceeded €352 per week, € 704 per fortnight, €1,526 per month (equivalent to €18,304 per annum) the employee’s gross income was liable to the income levy at the following rates:

Liable @ 1%: €100,100 per annum

Liable @ 2%: €150,020 per annum

Liable @ 3%: Balance

1st May -31st December 2009

If an employer’s income exceeded €289 per week, €578 per fortnight, €1,253 per month (equivalent to €15,028 per annum) the employee’s gross income was liable to the income levy at the following rates:

Liable @ 2%: € €75,036 per annum

Liable @ 4%: € €99,943 per annum

Liable @ 6%: Balance