Employer incentive to take on new people

magic roundabou · 30-08-2010 4:25pm #1

Does anyone know if there is any incentive for employer to take on new employees - i have a vauge memory of hearing something in the last budget - anyone know anything ?

Mr. Incognito · 30-08-2010 5:41pm

I believe it is section 88A, if an employer takes on someone that is long term unemployed they get a double deduction for their PRSI and Salary costs

nompere · 31-08-2010 7:48am

It is indeed S.88A - but it didn't come up last year. It has been around since 6 April 1998.

The new employee has to have been unemployed for at least 36 months at the time of starting the job.

Legend100 · 31-08-2010 9:06am

The length of time changed alright last year I think. The employee needs to be unemplyed for 12 months now to get the double deduction and not 36 months.

See IT59 on Revenue website

http://www.revenue.ie/en/tax/it/leaflets/it59.html

dbran · 31-08-2010 12:15pm

Hi

There is also the employers PRSI exemption scheme.

http://www.welfare.ie/EN/Publications/SW128/Pages/1WhatistheEmployerJob%28PRSI%29IncentiveScheme.aspx

Kind Regards

dbran

nompere · 31-08-2010 12:58pm

nompere wrote: »

It is indeed S.88A - but it didn't come up last year. It has been around since 6 April 1998.

The new employee has to have been unemployed for at least 36 months at the time of starting the job.

Whoops! That's what happens when you read legislation too quickly. You get the double deduction for three years. The person has to have been unemployed for at least twelve months.

Mr. Incognito · 02-09-2010 12:16am

off the top of my head. Nice when that happens.

magic roundabou · 09-09-2010 8:51am

Thanks for that people -

Employer incentive to take on new people

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