Department of Social Protection Christmas Bonus

As part of the budget 2017, it was confirmed that anyone getting monthly payments (welfare and pension recipients), will receive any bonus due in their December payment from the Department.

The Christmas bonus is 85% of your normal payment. This is a non-taxable payment.

Approximately 1.3 million people will benefit from the Christmas bonus in December 2016.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

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Small Benefit for Christmas!

Reward your employees this Christmas. Employees can receive a Small Benefit Exemption to the value of €500.00. Not only will your employees be rewarded, Employers also save as they don’t pay any Employer PRSI on this benefit.

Under the Revenue Commissioners approved Small Benefit Exemption Scheme, employers can provide their employees with a small benefit which will not be subjected to PAYE, PRSI or USC. However there are some rules that come with this:

  • The benefit cannot be cash
  • An employee can only receive one such benefit in one tax year
  • The benefit cannot be part of a Salary Sacrifice scheme
  • Whereby the benefit exceeds the threshold, the full value of the benefit will be subject to PAYE, PRSI and USC

The Small Benefit for employees is usually given by the Employer in the form of a voucher, often at Christmas time.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

P45 Changes 2017

Revenue has announced that the ROS and paper version of the P45 has been revised for 2017. And it will include:

  • A PRSI Exemption Indicator for employees who are exempt from paying PRSI in Ireland
  • A USC Exemption Indicator for those employees who are exempt from USC
  • Increased options for pay frequency (0 = weekly, 1 = fortnightly, 2 = monthly, 3 = 4 weekly and 4 = other)

The ROS version of the P45 is available since 27th November 2016, and an updated paper copy (blue version) will be available in early December.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

Closure of JobBridge Scheme

In October, the Minister for Social Protection announced that they would close the JobBridge Scheme to all new applicants. They confirmed that “JobBridge has served its purpose and should be replaced with a new programme with a stronger focus on skills, paying at least the minimum wage, and focusing on those unemployed for at least six months”

The new programme should pay all participants the Minimum Wage, require employers to contribute to the participants pay, involve a greater emphasis on skills development through workplace learning, be shorter than JobBridge, 6 months rather than 9 months and most importantly it will Only be available to employers that are in the position to offer employment at the end of the placement.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

Are you due a refund from Dublin Bus?

Due to the recent industrial action in Dublin Bus, they will issue their customers with annual and monthly tickets on leap cards with a refund for each day lost when the industrial action took place.

For each day, customers will be refunded €5.50 and for each day that their service ended at 9pm, customers will be refunded €2.30.

Customers of Dublin Bus can collect their refund at their head office on 59 Upper O’Connell Street when the dispute is resolved.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.

Budget 2017 – Payroll Changes

The main change to Payroll in Budget 2017 is the reduction of USC bands and Rates.

Incomes of €13,000.00 or less are exempt from USC.

Up to €12,012 has been reduced from 1% to 0.5%

From €12,013 to €18,772 has been reduced from 3% to 2.5%

From €18,773 to €70,044 has been reduced from 5.5% to 5%

The balance at 8% there was no reduction.

Which means employees will see a small increase in their Net Pay from January 1st 2017.

Changes to Tax Credits:

Home Carers, this has been increased by €100.00 from €1000 to €1100.

Great news for the Self Employed, they have increased the earned income tax credit from €550 to €950 and increase of €400.00.

The Special Assignee Relief Programme (SARP) has been extended for another 3 years, until 2020.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member toda

Change in Maternity Benefit Forms

Previously when claiming Maternity Benefit an employee completed a form MB10, this has now been discontinued and replaced with a number of forms. The new form is called a MB1 form which is completed by the employee only and does not have to be completed by the employer.

The employer must now complete a form MB2 confirming the employees start date and end date of the employee’s maternity leave and the employee’s expected due date.

Whereby the person is self-employed or has recently become unemployed, then an MB3 Form must be completed by her doctor.

All of the forms mentioned above are available on the The MB1, MB2 and MB3 Forms are available at www.welfare.ie . The forms can now also be submitted online.

Contact Tailored Payroll for all your payroll needs on 0863623217 or Request a callback from a qualified Payroll Team member today.