Please note that our EWSS upgrade is now available. This includes a July/August Sweepback utility. It is important that you ensure you have registered for EWSS using Manage Tax Registrations (under Other Services) in the main ROS screen. The qualifying criteria for claiming EWSS can be found here.


Oct 2019

9

Budget 2020 – Employer Focus

Finance Minister Paschal Donohoe announced Budget 2020 with very few changes:

  • There is no change to tax credits, cut off points or the rates of PAYE
  • There is no change to the rates of Universal Social Charge (USC)
  • The Earned Income Tax Credit will increase by €150 to €1,500
  • The Home Carer Tax Credit will increase by €100 to €1,600
  • The Benefit In Kind will remain as 0% on electric vehicles provided by an employer to an employee until 2022
  • The Minimum Wage increase of 30c recommended by the Low Pay Commission has been deferred due to the threat of a no-deal Brexit. The current rate of €9.80 per hour will remain until there is more clarity on Brexit.

PRSI: 

The National Training Levy which is collected as part of Employer PRSI will increase by 0.1% from 0.9% to 1% in 2020 to fund further and higher education.

  2019 2020
Employer PRSI Class A Reduced Rate 8.7% 8.8%
Employer PRSI Class A Higher Rate 10.95% 11.05%
Employer PRSI Class H 10.25% 10.35%

 

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Posted byDebbie ClarkeinPAYE