Your Tax Return Expert
Credit for RCT deducted – where does it go ? If you are subbie in the building industry and RCT has been stopped on any payments due from principal contractor. The following will happen to any RCT deducted by revenue on an automatic basis: Revenue will automatically credit your tax record with any Relevant Contracts
Health insurance – any tax relief ? There is the following tax relief on health insurance premiums as follows 20% of the premium or 200 which ever is the higher for adults 2. 20% of the premium or 100 which ever is the higher for children under 21 If you pay the health insurance personally
Small Gift Exemption for 2025 From 1 January 2025, employers can now provide up to five qualifying incentives to an employee in any tax year, with a total annual value not exceeding €1,500. Note the following important points to watch out for on same: The voucher or benefit received cannot be redeemed by cash The