Update on Budget 2012 - The Impact on Employers

Posted in : Hot topics in Employment and Technology Law with Matheson on 14 December 2011
Deirdre Crowley
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Deirdre Crowley writes:

This article is an overview of Budget 2012 from Crowley Solicitors in connection with Deloitte & Touche.

1. Introduction

Budget 2012 introduces a number of significant changes for employers and employees alike. For example:

  • the standard rate of VAT will increase from 21% to 23%;
  • a charge to employee PRSI will apply to rental income, dividends and other investment income from 2013, and
  • full PRSI will now be payable on an employer's pension contributions to an employee's pension fund.

This article looks at the implications of another significant development for employers which is the reduction of the redundancy rebate from 1 January 2012 and considers the options

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This article is correct at 06/08/2015

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Deirdre Crowley

The main content of this article was provided by Deirdre Crowley. Contact telephone number is +353 1 232 3710 or email Deirdre.Crowley@matheson.com

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