Week one basis
What is a “week one basis” ?
“Week one basis” means that an employee cannot carry forward any unused tax credits or tax bands from previous weeks or months.
Revenue may issue a tax credit certificate for an employee to a employer on a “week one basis” where
a) Employee was previously self-employed
b) Employee’s previous earnings are unclear
c) Employee’s tax credits and bands were significantly reduced
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie