Sunday 5th February 2012

Category Archives: PRSI

PRSI Refunds News

26,000 receive PRSI Refunds A Story that was quietly building across the last few months broke loose today, as it was reported that more than 26,000 people shared in PRSI refunds of over €10m. Exempt from Health Levy The main … Continue reading

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Budget 2012 – Possible PRSI Changes

PAYE Taxpayers to be charged PRSI on Unearned Income? It has been confirmed that PAYE tax will not be subject to much change in Budget 2012. However there are suggestions that an increase in PRSI is likely.   Rental Income & … Continue reading

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Revenue Error – Calculating Incorrect Tax Rumour

Have you seen this posted on your wall in facebook or on an email? I have recently found out that everyone who was working in ROI in the past 4 years can claim PRSI refund(not tax!). PRSI was counted incorrectly … Continue reading

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Trends in Tax Refunds in 2011

Who’s Claiming Tax Refunds in 2011? With all the changes in the Tax System in the last few years, you can easily lose track of what you can claim with in excess of 200 Tax Credits and Income Deductions available … Continue reading

Posted in Health Levy, Home Carers, Income Levy, Income Tax, Paye Tax, PRSI, Redundancy, Tax Refunds Tagged , , , , , 10 Comments

10 things you should know about your 2010 P60

Welcome to 2011!  If you were working at the end of the year, you will receive a P60 from your employer soon. 2010 P60 Probably the most important and most talked about bit of post you will receive this time … Continue reading

Posted in Health Levy, Income Levy, Paye Tax, PRSI, Tax Refunds Tagged , , , 7 Comments

P60 Example 2010

Aaaaahhhh!  It’s my P60!  So many numbers, so much information, I don’t understand it, I think I’ll file it away for now. If you were working at the end of the year, you should be getting a copy of P60 in the … Continue reading

Posted in Health Levy, Income Levy, Income Tax, Paye Tax, PRSI, Tax Refunds Tagged , , , , , 1 Comment

Budget 2011 – Tax Cuts and Levy increases

So you have checked on the Budget Calculator how you are affected by Budget 2011 – see below how some other people are affected by the changes. Single person Earning €30,0000 – Better Off! Jenny earns €30,000 a year and … Continue reading

Posted in Budget 2012, Health Levy, Home Carers, Income Levy, Paye Tax, PRSI, Rent Relief, Tax Refunds Tagged , 3 Comments

Universal Social Charge

The ESRI published it’s latest pre budget briefings and in it outlined a proposed Universal Social Charge.  They are proposing that this be introduced in the next Budget as a Revenue Neutral Item. Why a Univeral Social Charge? If it’s … Continue reading

Posted in Budget 2012, Health Levy, Income Levy, Income Tax, Paye Tax, PRSI 6 Comments

Lies, Damn Lies – and politicians quoting EuroStat

“50% of Workers not paying any Income Tax” This little snippit of fact has been one of the most frequently  quoted up and down the country by Politicians in this last month.  We hear it quoted as from the Commission for Taxation … Continue reading

Posted in Budget 2012, Health Levy, Income Levy, Income Tax, Paye Tax, PRSI Tagged , , 7 Comments

Claiming Tax Back – What’s New

If you are looking to claim a tax back for 2009, the picture has changed somewhat from previous years.  Some of the changes will mean you are due less of a tax refund, other changes have increased the amount of … Continue reading

Posted in Bin & Service Charges, Employment Expenses, Health Levy, Home Carers, Income Levy, Income Tax, Medical Expenses, Medical Insurance, Paye Tax, PRSI, Rent Relief, Tax Refunds Tagged , , , , , 5 Comments

GP Locums subject to PAYE Tax

Courtesty of the Irish Medical Times, here is some important information for GP’s who hire locums for out of hours cover and indeed for the locums themselves: http://www.imt.ie/news/2009/11/locums_must_have_paye_deducted.html This will have a large impact on both the doctors and the … Continue reading

Posted in Health Levy, Income Levy, Medical Expenses, Paye Tax, PRSI 1 Comment

How a pay rise can leave you worse off

You can be up to €1,040 worse off for increase in salary in Health Levy fiasco. Tax system means a €1,000 pay rise can leave you €290 worse off depending on how much you earn. Lets see this in action … Continue reading

Posted in Health Levy, Income Levy, Income Tax, Paye Tax, PRSI Tagged , , , , , 4 Comments

Dental benefits from PRSI

Are you paying for visits to your dentist which you should be receiving as a benefit for paying PRSI or for having a medical card? What’s Covered In general, a normal person with healthy teeth will get one dental examination … Continue reading

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Maintenance Payments –How it affects your Income levy and PRSI

Firstly, how maintenance payment is treated for Income Levy depends on whether you have voluntarily agreed to pay maintenance or if there is a legally enforceable agreement Continue reading

Posted in Health Levy, Income Levy, Paye Tax, PRSI, Single Parents, Tax Refunds Tagged , , , , , , , 1 Comment