Personal tax credits table for years from 2012 to 2016.
Employers can give their employees non-cash gift of up to €500 tax free from 22. October 2015. The benefit is usually in form of a voucher or gift card and there is no income tax, pay related social insurance (PRSI), universal social charge or benefit-in-kind tax for employee.
However, the benefit cannot go over €500 in value for a year, must not be in the form of cash, and the gift cannot be exchanged for cash, in part or in full.
Tax clearance certificates issuing since April 1st 2015 have different expiry dates depending on when the certificate issued.
- Certificates issued in the period 1st April 2015 to 30th June 2015 will have an expiry date of 31st December 2015,
- Certificates issued in the period 1st July 2015 to 30th September 2015 will have an expiry date of 31st March 2016,
- Certificates issued in the period 1st October 2015 to 31st December 2015 will have an expiry date of 30th June 2016.
Those changes are because electronic Tax Clearance system (eTC) will be introduced from January 1st 2016. The main difference between paper Certificate and electronic certificate is that electronic one (eTC) will be subject to ongoing review and won’t have any expiry date. The up-to-date tax clearance status of customers will be available to be checked by public service bodies, taxpayers and their agents online, on an ongoing basis.
Applicants that are successfully tax cleared in the new eTC system will also be given a Tax Clearance Access Number which they can provide to the public service body or third party who needs to verify their tax clearance status.
There are new regulations relating to SPSVs which came into force in April 2014. The taxi driver is now required to maintain a valid tax clearance certificate during the full period of the SPSV driver licence.