Revenue has updated the Frequently Asked Questions on the Income Levy. The updated FAQs contain a very helpful page summarising the current version of the FAQs from the previous version.
The summary, is reproduced below:
"Revised FAQs
1.2 Who is liable for the income levy?
1.3 Exempt categories
1.4 What income is exempt from the income levy?
1.7* The rates and threshold of the income levy
1.8 Higher % being charged on earnings over the relevant threshold
1.10 Income liable for the income levy
1.11 Redundancy payments
2.1 Concerning the €15,028 exemption
2.3 Over 65's
2.4 Medical cards
2.6 Weekly earnings before income levy applied
2.7 Exceeding the weekly minimum threshold
2.8 I earn €50,000 - what rate will I pay?
2.9 I earn €80,000 / My spouse earns €120,000 - what rate will we pay?
2.10 Income levy applied to a bonus payment
2.16 Job Seekers Benefit
2.17 Travel expenses
2.18 Changing employment during the year
2.21 Over 65's
2.24 Over 65's
3.3 Self-assessed taxpayers and legitimate revenue expenses
4.10 Employers' records
4.12 Revised revenue forms
4.13 Income Levy Certificate
4.14 Weekly/monthly breakdown of the income levy thresholds
4.15 Payments of less than or more than a week/month/etc
4.16 Employers' end of year adjustments
4.19 Exclusion Orders
4.22 The income levy and PAYE/PRSI
4.23 Employees opting to pay the income levy
Appendix C Income Levy Certificate - Revised
New FAQs
3.7 2009 income levy rates
4.24 Employees' underpayments at the end of the year
4.25 New rates/thresholds from 1 May 2009. How is the income levy applied to a monthly payroll run on 8 May 2009?
*Note: FAQ 1.7 has been reformatted slightly. This is the only change from the FAQs published on 27 April 2009."