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Benefit in Kind – Vouchers & Subscriptions

Benefit in Kind – Vouchers & Subscriptions

All Benefits in Kind (“BIK”) are subject to PAYE, PRSI and USC, and taxed as notional pay. They are taxable when the benefit is provided or when the payment is made. Where the benefit provided to the employee does not exceed €500 in value, there is no BIK, the amount...

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Benefit in Kind – Vehicles

Benefit in Kind – Vehicles

All Benefits in Kind (“BIK”) are subject to PAYE, PRSI and USC, and taxed as notional pay. They are taxable when the benefit is provided or when the payment is made. Where the benefit provided to the employee does not exceed €500 in value, there is no BIK, the amount...

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Employer Protection for the Christmas Party Season

Employer Protection for the Christmas Party Season

As the festive season approaches it brings with it a new search for the best venue for your Christmas party. While this is a time to make employees feel appreciated and celebrate another year of hard work, it does not always come to pass without challenges. If you are...

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Taxation and Home Tuition Grant Scheme

Taxation and Home Tuition Grant Scheme

The purpose of this Home Tuition Grant Scheme is to provide funding towards the provision of a compensatory educational service for children who, for a number of specific reasons, are unable to attend school. However, it should also be noted that the Home Tuition...

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The Finance Bill 2018

The Finance Bill 2018

At time of writing (mid-November),Minister Donohoe has delivered his second Budget speech and the 2018 Finance Bill has just passed Committee Stage. A very brief outline of changes to date (under summary headings) is: PERSONAL/EMPLOYEE TAXES An increase of €750 in the...

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Rebuilding Ireland Home Loan

Rebuilding Ireland Home Loan

A Rebuilding Ireland Home Loan is a new Government backed mortgage for first time buyers. It has been available nationwide from all local authorities from 1st February 2018. You can borrow up to 90% of the market value of the property. Maximum market values of the...

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False Self Employment

False Self Employment

In recent times, the Government has taken steps to intensify its efforts to combat “false self-employment”. False self-employment is an employment relationship where it appears as if a person is self-employed but in reality they are actually a direct employee of a...

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Family Wages

Family Wages

Revenue recently issued guidance regarding tax deductibility in remunerating family members. In the case of many SME’s it is common practice to engage children, spouses or other close relatives as employees in the business. Salaries paid for work done by family...

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