Paternity benefit and Taxation
Revenue has issued a note to employers and pension providers on the taxation of paternity benefit which will be introduced from 1 September 2016.
Revenue advises that individuals who pay their tax through the PAYE system will, where possible, automatically have their annual tax credits and rate bands reduced by the amount of the Paternity Benefit payment. Employers/pension providers will be advised of the adjusted tax credits and cut-off points on employer tax credit certificates.
As Paternity Benefit is being taxed by reducing employees' tax credits and cut-off points on P2Cs, Revenue advises that employers/pension providers are not required to include figures for this payment on forms P45, P60 or P35L.
The Employer Customer Service Unit provides information and support to employers.
Contact details as follows: Telephone: 1890 25 45 65 (+ 353 1 7023014 if ringing from outside the Republic of Ireland)
The Commissioner of Valuation, made a Valuation Order for the rating authority area of South Dublin County Council. This order signals the formal commencement of the revaluation of all commercial and industrial properties for rating purposes in the rating authority area.
The revaluation will take account ofprevailing rental levels in the South Dublin rating authority area. A Valuation Manager will assess the value of each property and set a valuation in line with rental values in the rating authority area at the valuation date of 30th October 2015. It is envisaged that the new valuations will be published on 15th September 2017 and come into effect for rating purposes from 1st October 2017.