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Irish social welfare payments

Jobseeker’s Benefit is generally taxable, but the first €13 each week is exempt from tax. Jobseeker’s Benefit payable to short-time workers is not taxable. The Child Dependant Increase payable with Jobseeker’s Benefit is also not taxable.

Illness Benefit is not taxable for the first 6 weeks and the Child Dependant Increase is not taxable.

Other than the cases above, if your social welfare payment is taxable, any increase in your payment for your adult dependant and child dependants is also taxable.

Social ...

If you need a tax clearance certificate in a hurry, write to me at

info@mytaxreturn.ie

for an express application.

A Tax Clearance Certificate is a written confirmation from Revenue that a person’s tax affairs are in order at the date of issue of the Certificate. In some instances a Certificate may be issued to a customer who has tax arrears provided such arrears are covered by an instalment arrangement that has been agreed with Revenue.

The requirement to produce a Tax Clearance Certificate usually ...

We welcome any tax related questions to this web blog. A friend asked me an interesting question in relation to sick pay for PAYE and the possibility of a tax refund. Here is that point –

Q. I was off sick for 3 weeks in 2010, and my employers paid me full pay.

Cheques I got from the social welfare for sick pay I handed back to my employers.

A colleague mentioned I could be ...

There is a special Capital Allowances Scheme for work on farm buildings and structures associated with pollution control where the work is carried out before 31st December 2010. There is an accelerated allowance in Year 1 of the lesser of €50,000 or 50% of the qualifying expenditure. This Year 1 allowance is regarded as a “floating allowance” which may be taken in whole or in part at any time over the writing down period. The balance of the expenditure is ...

If you are in business as a sole trader, and you are paying tax at the higher rate (41%) you could possible reduce this liability by forming a partnership to increase your tax cut off points.

This could apply to brothers, sisters, spouses, etc.

Partners can combine their tax cut off points (€32,800 + €32,800) = €65,600 at the standard rate instead being assessed seperatly and paying tax at the higher rate.

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