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Claiming back tax?

  • 19-05-2015 8:45am
    #1
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,242 Mod ✭✭✭✭


    I currently work as a contractor and after PAYE, PRSI and USC is paid each week, I also pay Employers PRSI and a management fee of €25 per week. My question is, can I claim anything back at the end of the year with respect to the Employers PRSI and management fee? It's currently costing me the guts of €110 per week, money I'd prefer to have in my own pocket.

    Just for additional information, I work for Company x, who pay my gross wage to Company y who make the deductions. Given the contractual arrangement, I am regarded as an employee of Company y who act as an Umbrella Company.


Comments

  • #2
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Itzy wrote: »
    I currently work as a contractor and after PAYE, PRSI and USC is paid each week, I also pay Employers PRSI and a management fee of €25 per week. My question is, can I claim anything back at the end of the year with respect to the Employers PRSI and management fee? It's currently costing me the guts of €110 per week, money I'd prefer to have in my own pocket.

    Just for additional information, I work for Company x, who pay my gross wage to Company y who make the deductions. Given the contractual arrangement, I am regarded as an employee of Company y who act as an Umbrella Company.

    set up your own company, you would then be class s for prsi and not have to pay employers prsi. you would have a different level of social insurance cover and have to produce annual accounts but it could probably work for you.


  • #3
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,242 Mod ✭✭✭✭L.Jenkins


    Sounds good. I'm in the process of setting up a Company, but I may go on as a sole trader for a while before setting up as a limited company.


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