The PAYE system as we know it is about to undergo the biggest change since its introduction. From 1 January 2019 real time reporting will mean: There will be no more P45s, P30’s, P60’s or P35’s.  P2Cs will automatically download into the payroll software.  Monthly returns of PAYE will automatically file with Revenue.  All employers will have to submit a list of … [Read more...]

Personal Tax  USC   2.5% rate reduced to 2% (band to which this rate applies increased).   5% rate reduced to 4.75%.  Standard rate band increased by €750.  Earned income credit will increase from €950 to €1,150.  Home Carer credit will increase from €1,100 to €1,200. Sugar Sweetened Drinks Tax (SSDT) The SSDT is set to be introduced in April … [Read more...]

Use the tax-free voucher scheme of up to €500 per employee or director.  Review your 2015 tax and claim any unclaimed allowances before 31 December. After that you can no longer claim anything for 2015.  Count your cash & stock if your year end is 31 December.  €3,000 annual gift exemption from Capital Acquisitions Tax – Use it or lose it.  Make any company pension … [Read more...]