Income Tax Ireland – read news and articles about Irish income tax here.
Is The Pandemic Unemployment Payment Taxable? Yes, Revenue has confirmed that it will treat the PUP Pandemic Unemployment Payment as taxable income . Jobseekers Benefit is taxable and has been for years. We expect the taxation of the Covid unemployment payment to be done in a similar way. PUP is NOT liable to USC or […]
Continue reading…
Back in July, as part of a Stimulus Plan , the government announced the “Stay and Spend” Incentive Scheme. The stay and spend incentive is an income tax credit that can be claimed on expenditure on accommodation, food and non-alcoholic drinks. It applies to spending between 1st October 2020 and 30th April 2021. Taxpayers can […]
Continue reading…
Revenue has always stated that the Covid Wage Subsidy will be subject to USC and Income Tax eventually – but not while it is being paid out. Employees will be liable for any tax on the subsidy amount by way of review at the end of the tax year. (There will also be Tax due […]
Continue reading…
PAYE Tax Changes Revenue has made some Income Tax Changes For Recipients of the Pandemic Payments. They have changed the tax basis for all employees that received payments under either the Wage Subsidy Scheme or the Pandemic Unemployment Payment.All affected employees have been moved on to Week 1 basis. Revenue sent notifications to employers to […]
Continue reading…
There were some USC and Income Tax cuts announced in Budget 2019 and they took effect from January 1st 2019 . But just how much will your Take Home Pay Increase in 2019 ? The changes will be so small – most people probably won’t even notice them. Here is a table with some examples […]
Continue reading…