Chartered Accountants Tax News - 21st September 2009

Mon, Sep 21, 2009


Revenue has announced in eBrief No. 51/09 that under the Health Contribution Act, a separate €100,100 threshold applies to self assessed income and PAYE income for 2007 and 2008. However, Income Tax assessment which issued for those years charged the first €100,100 of the combined PAYE income and self assessed income at 2% and the balance at 2.5%.

The Health Contribution calculation system for 2008 has been updated and all assessments or amended assessments issued after 26 August 2009 will show the correct Health Contribution charge for 2008. A separate development to address 2007 is expected to be available on 23 September 2009. Once this is in place, Revenue will issue amended assessments for both years as appropriate to the taxpayers concerned.

Revenue advise that only one threshold of €100,100 applies for 2009.

The full eBrief is available here

 

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