Practice News

Ireland is close to ‘full employment’, new CSO figures show

5th June 2019

THE economy is now close to full employment as the jobless rate slumped to just 4.4pc. This is a sharp fall from the height of the recession when it hit almost16pc. The Central Statistics Office’s latest figures show the unemployment rate stood at 4.4pc last month, down from 4.6pc in April. It was 5.6pc in […]

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Irish FDI soars 52pc as UK and Europe stall

5th June 2019

IRELAND delivered a Brexit-busting performance in attracting foreign direct investment in 2018, according to a European-wide analysis of FDI trends. The annual EY European Attractiveness Survey found that Ireland won 205 new FDI commitments last year, up 52pc from 2017. That cut against the grain of an overall 4pc decline in FDI growth across Europe […]

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Affordability is key issue for pension system study

5th June 2019

Employment minister Regina Doherty has commissioned a key study into the affordability of a new auto enrolment system for pensions that she has insisted is on course to launch in 2022. The new system is aimed at trying to ensure that young workers will have adequate savings by the time they retire. But there is […]

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What are “banded hours”?

15th March 2019
New Employment Legislation

Banded Hours: The Employment Act 2018 creates a new right for employees whose employment contract does not accurately reflect the reality of the hours they work on a consistent basis. After a reference period of 12 months, employees will be able to request in writing to be placed in a band of hours that better…

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New Employment Legislation

15th March 2019
New Employment Legislation

Failure to comply with new employment laws could see employers facing jail time! What is the Employment act 2018? To improve security and predictability of working hrs for employees on insecure contracts and those working variable hours. Key Changes: 1.Written statement within 5 days of commencing employment Core Terms in 5 Days: The full name…

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How to Survive PAYE Modernisation

15th March 2019
PAYE Moderinisation

What employers need to do to comply with PAYE Modernisation. In this guide below, we will discuss how PAYE Modernisation affects your business and your real time reporting obligations to revenue. PAYE Modernisation:By now, all employers in Ireland should know about Revenue’s new PAYE Modernisation legislation. This system came into effect on January 1st 2019…

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Maximum Weekly Working Hours?

12th November 2018

The Organisation of Working Time Act 1997 states that the maximum average working week for many employees cannot exceed 48 hours. This does not mean that a working week can never exceed 48 hours, it is the average that is important. The average may be calculated in one of the following ways: Over 4 months for most…

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Form 11 Submission for 2017 – Are you required to submit the return?

9th November 2018

Question: I am an employee. In what circumstances would I be required to file a Form 11 for 2017? Answer: An individual who is a chargeable person is required to file a Form 11 for 2017. Potentially every individual is a chargeable person, however, the legislation provides that the following persons will not be regarded…

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Budget Summary 2019

10th October 2018

Budget Summary – Read Today to confirm updates in the Budget for 2019   Some of the changes: – Increased Vat Rates – USC Threshold Changes – Increased Earned Income Tax Credit (Self Employed) – Increase in Minimum Hrly Rate of pay – Increase in Tax Bands (How much you can earn at 20%)  …

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How to claim Tax Relief on Tuition fees paid for third level Education

4th October 2018

You can claim tax relief on fees (including the student contribution) that you have paid for third level education courses. You may be the student, or you may pay the fees on the student’s behalf. You can claim the relief if you have actually paid the fees.     No relief is available for: –…

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