A: You will need to ensure you have up to date tax credit certificates from Revenue for all staff. Budget 2015 announced changes to the Universal Social Charge rates, the higher rate of tax decreased to 40% from 41% and also the point at which you pay the higher rate of tax has increased. For low to middle income earners this means additional money in their pay packets for January.
The updated tax credits will be available from Revenue, over the phone or online. Ask your accountants to download the relevant information from Revenue Online Service (ROS).
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