The IPASS Book 2010

The Essential Guide to PAYE, PRSI & Employment Law in Ireland

This section of the book explains the workings of the PAYE system and contains clear and simple examples, which help to highlight many of the most common issues and some of the less well known and understood areas of PAYE. The book also contains practical advice, which can not only save employers and employees a significant amount of money, but which can also minimise problems which employers may encounter during the course of Revenue Audits. Each of the following areas of interest is comprehensively covered:

The Irish Income Tax system; Personal taxation; Introduction to the PAYE system; Revenue administration; Employer Registration System; Operation and calculation of PAYE; The Tax Credit system; Deductions from pay; Commencements; First Employment; Change of employment; Emergency basis; Week 1 basis; Cessations; The Income Levy; The Parking Levy; Revenue returns; Pension and PRSAs; Pay for tax purposes; Payments not regarded as pay for tax purposes; Treatment of a female employee who is widowed; Treatment of expenses; Motor expenses; Subsistence allowances; Inducement payments; Relocation and removal expenses; Tax free payments; Benefit-in-Kind; Company cars; Preferential loans; Other benefits; Maintenance payments; Attachment orders; Termination payments; Revenue audits; Appeals procedures; Revenue Charter of Rights.and Pension Related Deductions (the Prnsion Levy); Central Statistics Office EHEC Survey.

Many employers pay more PRSI than Corporation Tax each year. Yet most people simply do not understand precisely how the PRSI system works. This book explains the entire workings of the PRSI system and highlights many of the problems with which employers have to contend. The following areas of specific interest are comprehensively dealt with:

Introduction to Social Insurance; The PRSI classification system; PRSI exemptions and repayments; Employee benefits; Employer and employee contributions; Contribution weeks; Rules and exemptions; Reckonable earnings; Health Contribution levy; Calculation of PRSI contributions; Taxable short term Social Welfare benefits; Taxable long term Social Welfare benefits; Company directors; PRSI for employees working abroad; PRSI for foreign nationals working in Ireland; Rulings and appeals procedure; Special incentive schemes.