IMPORTANT: Changes to Revenue 2019
From the 1st Janurary 2019, Revenue have changed the way employee’s manage their Tax Credits by introducing PAYE Modernisation for all employers and employees.
You now have to manage your own Tax Credits and Cut-off Point through Revenue Online – (My Account). For more information please visit Revenue’s website which explains these changes by clicking the button below.
If you do not register online with the revenue BSS cannot gain access to your tax credits!
In the past we could put you on emergency tax if we did not receive a tax credit cert however we can no longer do this and your pay will be processed with 0 tax credit.
In this situation you will receive a single person’s rate band for the first four weeks. This means that in the first four weeks your weekly income:
- Up to €679 will be taxed at the standard rate of tax (20%)
- Over €679 will be taxed at the higher rate (40%).
- After four weeks your total income will be taxed at 40%.