In this Issue
Budget 2011
Income Tax Cut-off Points and Credits
Universal Social Charge
Reliefs Abolished with effect from 1 January 2011
Income Tax: Restriction of Reliefs
PRSI Changes
Tax on Savings
RCT
Corporation Tax
Property Incentive Reliefs
Pensions
Capital Acquisitions Tax (CAT) & Capital Gains Tax (CGT)
Business Expansion Scheme
Sundry
PM Services
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Income Tax: Restriction of Reliefs
Income Tax: Restriction of Reliefs from 1 January 2011 (unless otherwise stated)
  • Charge to the Health and Income Levy (USC) on Approved Profit Sharing Schemes 
  • Charge to the Health and Income Levy (USC) on Approved Save As You Earn Schemes 
  • Charge to the Health Levy (USC) on Unapproved Share Options 
  • Charge to Health Levy (USC) on Share Awards 
  • Restriction of the tax free element of ex-gratia termination payments to €200,000 so that payments above this amount will be subject to tax at the marginal rate. This charge will apply with effect from 1 January 2011.  
  • Ceiling of €40,000 on the tax exempt earnings of artists 
  • Introduction of a charge to PRSI on Approved Profit Sharing Schemes 
  • Introduction of a charge to PRSI on Approved Save As You Earn Schemes
  •  Introduction of a charge to PRSI on Unapproved Share Options 
  • Introduction of a charge to PRSI on Share Awards
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