Approved Profit Sharing Schemes Any free shares you receive from your employer are normally taxable. However, your employer may operate an Approved Profit Sharing Scheme (APSS). If so, your employer may allocate tax-free shares to you, provided you meet certain conditions. You must pay Universal Social Charge (USC) and Pay Related Social Insurance (PRSI) on the value of the shares. Your…
What is preliminary tax? Preliminary tax is your estimate of the Income Tax, Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) that you expect to pay for a tax year. You must pay this by 31 October of the tax year in question. You must make sure that you do not under pay your preliminary tax, or…
Subsistence Expenses You may repay your employee or directors expenses for their subsistence costs while they are temporarily away from their normal place of work. For absences within the State this payment can be made, tax free, by either: using the current schedule of Civil Service subsistence rates use other rates not higher than Civil…
