There are 9 public holidays in Ireland each year. Some people refer to them as Bank Holidays – but not all Bank Holidays are also Public Holidays. The next Bank Holiday in Ireland in 2020 will be Monday, October 26th 2020. This date is also a public holiday. A Bank Holiday is a day on […]
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There can be some confusion about entitlement to holiday pay or extra pay for workers on bank holidays or public holidays such as Christmas Day , New Years Day, Good Friday or St Patrick’s Day. Christmas Day, St Stephen’s Day and New Year’s Day are public holidays in Ireland . Good Friday, Christmas Eve and […]
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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 […]
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A new Wage Subsidy scheme was announced in March which is aimed at allowing employers to pay their employees something during the current COVID pandemic. Some changes are being made to this scheme from May 1st – The changes will mean an 85% subsidy instead of 70% for lower paid workers and will also mean […]
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Revenue has stated that the Covid Wage Subsidy will be subject to USC and Income Tax eventually – but not while it is being paid out. As we understand it – employees will be liable for any tax on the subsidy amount by way of review at the end of the tax year. (There will […]
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