• Products
    • DEFT
    • EUROPAY
    • Modulus Checker
    • myESS
    • PayDay
    • 48 Hours
  • Payment
  • Demo Request
  • GDPR
  • PAYE Modernisation
  • More
    • Links
    • Blog
    • Contact Us
    • Customer Support

Budget 2014 – Employers PRSI Increase

Just a reminder that when from 1 July 2011 the lower rate of employer PRSI was halved (to 4.25%) for all jobs that pay up to €356 per week, that the rate will be restored to 8.5% from 1 January 2014.
By Dipak Guharay|October 30th, 2013|Budget 2014, EuroPayX, Irish Payroll, PayDay, PAYE, Payroll, PRSI|Comments Off on Budget 2014 – Employers PRSI Increase
Read More

Budget 2014 – It’s steady as she goes

Budget 2014 may contain many changes but from the point of view of payroll and the calculation of PAYE Tax, USC and PRSI there are none. It appears that all rates remain the same as they were in 2013.
By Dipak Guharay|October 30th, 2013|Budget 2014, EuroPayX, Irish Payroll, PAYE, Payroll, PRSI|Comments Off on Budget 2014 – It’s steady as she goes
Read More

Changes to handling of Share Options

Any gain arising on the exercise of a share option is liable to income tax, USC and employee PRSI. There is no employer PRSI liability. There have been changes on how this is handled from 1st July 2012. Income tax and USC arising on share option gains prior to 1st July 2012 was payable directly to the Collector General along with a form RTSO1 within 30 days of the exercise of the option. If the individual was still in the employment of the employer who granted the option, the employer was responsible for […]
By Dipak Guharay|July 30th, 2012|Payroll, PRSI, USC. Share Options|Comments Off on Changes to handling of Share Options
Read More

Budget 2012 – Employer PRSI Calculation Change

Budget 2011 abolished PRSI relief in the case of the employee element of PRSI in relation to the employee pension contributions and provided for the abolition of half of the PRSI relief in the case of the employer element of PRSI. In Budget 2012 the relief from employer PRSI on employee pension contributions is now fully abolished. This means that employer PRSI will increase for any employee who makes a pension contribution. There are no changes in 2012 to the PRSI thresholds and rates.
By Dipak Guharay|December 7th, 2011|Budget 2012, PRSI|Comments Off on Budget 2012 – Employer PRSI Calculation Change
Read More

Latest News on Share Option Schemes

During a meeting this morning with the Department of Social Protection it has been stated that the law has yet to be enacted to change the way share option schemes are calculated. This means that for the present share option schemes should be calculated with employers PRSI where applicable and that no refunds may made. The Department of Social Protection (DSP) remind everyone of the following with respect to Share-based Remuneration. 1                 The regulations to cater for the changes announced in March 2011, whereby schemes that were signed off between an employee and employer prior to 1 January 2011 are […]
By Dipak Guharay|July 12th, 2011|PRSI|Comments Off on Latest News on Share Option Schemes
Read More

Latest PRSI Notes

For details on the operation of PRSI from 2nd July 2011, please consult the Department of Social Protection (DSP) website at http://www.welfare.ie/ and in particular the Advanced Notice of PRSI Rates at http://www.welfare.ie/EN/Publications/Advance_jul2011/Documents/anprsi2011_july.pdf
By Dipak Guharay|June 30th, 2011|PRSI|Comments Off on Latest PRSI Notes
Read More

Jobs Initiative

The Irish Minister for Finance, Michael Noonan, introduced a Jobs Initiative yesterday, designed to improve Irish economic competiveness and stimulate job creation. The Jobs Initiative included a number of measures dealing with business and employment taxes, including: Commitment to keeping the 12.5% Corporation Tax Rate Abolition of Employer’s PRSI charge on share based remuneration Temporary halving of the lower rate of Employer’s PRSI Amendment of the R&D tax credit regime to enhance flexibility in how companies can account for the credit Introduction of a new lower rate of VAT of 9% in respect of tourism-related services Air Travel Tax reduced to zero The measures introduced in the […]
By Dipak Guharay|May 11th, 2011|Budget 2011, Jobs Initiative, PRSI|Comments Off on Jobs Initiative
Read More

Special Contributors to PRSI

Following consultations between the Revenue Commissioners and the Department of Social Protection (http://www.welfare.ie/EN/Topics/PRSI/Pages/specindex.aspx), it has been decided that PRSI should be returned through normal P30/P35 procedures in cases subject to PAYE Exclusion Orders. Heretofore, PRSI for these employees were remitted separately to the Special Collections Section in Waterford. This change will simplify the current arrangements where employers must account for PRSI through the Special Collections System and for the Universal Social Charge through the P35 system. This change is effective from the 2011 year. The P30 screen within EuroPayX, […]
By Dipak Guharay|February 21st, 2011|Budget 2011, PRSI|Comments Off on Special Contributors to PRSI
Read More

Budget 2011 – PRSI Class K

As part of Budget 2011 Office Holders for the purposes of PRSI are to be assigned to class K. Emoluments paid by public bodies to public office holders. “public office holder” means – (a)        the President,(b)        the holder of a qualifying office, e.g. Ministers(c)        a member of either House of the Oireachtas,(d)        a member of the judiciary,(e)        a military judge appointed under Chapter IVC of Part V of the Defence Act 1954 (amended by the   Defence (Amendment) Act 2007),(f)         a member of a local authority (within the meaning of the Local Government Act 2001),(g)        a member of the European Parliament […]
By Dipak Guharay|December 16th, 2010|Budget 2011, PRSI|Comments Off on Budget 2011 – PRSI Class K
Read More

Budget 2011 – Irish Payroll PRSI Clarifications

Confirmation from Welfare for Class K – if earnings less than or equal to €100 in a week record as M. Employee and Employer reckonable earnings for PRSI purposes are to be calculated independently, and at the relevant rate in respect of each seperate amount. This leads to the potential problem where employee and employer PRSI are returned at two different PRSI classes. To avoid this the return (contribution) will always be at the subclass designated by the employee reckonable earnings. Advance Notice to computer users for PRSI changes now available on welfare.ie click here
By Dipak Guharay|December 14th, 2010|Budget 2011, PRSI|Comments Off on Budget 2011 – Irish Payroll PRSI Clarifications
Read More
12Next

Contact Us

P +353 1 838 2921
F +353 1 868 3098
E info@ardbrook.ie

Need help or have questions?

Call +353 1 838 2921
Email us at ardbrook@thesaurussoftware.com
  • Products
  • Payment
  • Demo Request
  • Customer Support
  • Contact
  • Blog
  • Links
  • Security
  • Cookie Notice
  • Privacy Notice
Unit 35 Duleek Business Park
Duleek
Co Meath
A92 N15E
Ireland
Copyright 2025 © Ardbrook Ltd.
  •  
  •  
  •