From January 1st 2021, the National Minimum wage will be increased from €10.10 to €10.20 per hour for employees aged 20 and over. These employees working 40 hours a week will see their gross wages increase by €4.00 per week. The following rates of pay per hour will apply to the following: Aged 19 Years
The Temporary Wage Subsidy Scheme payments are subject to Income Tax (IT) and Universal Social Charge (USC). Pandemic Unemployment Payments are subject to Income Tax. Employees will be able to view their tax position by obtaining a Preliminary End of Year Statement on their MyAccount with Revenue. To finalise their tax position, claim additional credits
Revenue will facilitate employers who wish to pay employees’ 2020 tax liabilities. This applies to Income Tax (IT) and Universal Social Charge (USC) which arise due to the TWSS. Employers must engage directly with employees and agree the method to pay the liability involved. In mid-January 2021, Revenue will make a Preliminary End of Year Statement
Do you want to give your employees a tax free bonus? Employers can give employees a small benefit of up to €500 in value, tax free, each year. This benefit must not be in cash. If more than one benefit is given in a year, only the first one qualifies for tax free status. Unused
The Temporary Wage Subsidy Scheme (TWSS) has been extended to 31st August 2020. Revenue will continue to administer the scheme reimbursing employers for subsidy amounts paid to eligible employees, notified to Revenue via the payroll process. Employers Eligibility The eligibility criteria to continue participating within the scheme or to now join the scheme remains unchanged.
The Operational Phase applies to any TWSS submissions submitted to Revenue on or after 4th May 2020. The Operational Phases ensures that the Subsidy paid to employers will be based on each individual employee’s Average Revenue Net Weekly Pay (ARNWP) and the gross pay as reported by the employer in the payroll submission, subject to
Revenue has worked closely with the Department of Employment Affairs and Social Protection (DEASP) to provide an option for employers to make a payment of €203 per week to their employees through the normal payroll process who are temporarily laid off die to the COVID-19 (Coronavirus) pandemic. The amounts paid to employees under the scheme
The national minimum wage will increase from €9.80 per hour to €10.10 with effect from 1st February 2020. Employers should note that the minimum wage for all ages of work with effect from 1st February 2020 will be as follows: National Minimum Wage (Age 20 and over) = €10.10. Aged 19 = €9.09. Ages 18
You can give employees a small benefit of up to €500 in value, tax free each year. This benefit must not be in cash. If more than one benefit is given in a year, only the first one qualifies for tax free status. Unused allowance amounts cannot be carried over. Tax free vouchers or benefits
All employees, whether they are full-time, part-time, temporary or casual, earn annual leave entitlements from the time they start work. Most employees are entitled to four weeks’ paid annual leave per leave year, although an employee’s contract could give greater rights. Calculating Annual Leave Under Section 19 (1) of The Organisation of Working Time Act, you are