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Employers & Employee PRSI class S

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  • 03-02-2021 12:41am
    #1
    markmoto
    Registered Users Posts: 788 ✭✭✭


    Hi,


    Company director prsi class S paying 4% Employee PRSI on salary, does he needs to pay Employers prsi as well?
    Thanks


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    #2
    capefear
    Registered Users Posts: 772 ✭✭✭capefear


    no. company directors on class s dont pay employer prsi, but that will probably change in the next couple of years as Ive seen mention in papers (sunday business post and indo i think) over the last few months that government are looking into changing it so that class s will pay employer prsi.


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    #3
    ulster
    Registered Users Posts: 209 ✭✭ulster


    capefear wrote: »
    no. company directors on class s dont pay employer prsi, but that will probably change in the next couple of years as Ive seen mention in papers (sunday business post and indo i think) over the last few months that government are looking into changing it so that class s will pay employer prsi.

    Does an IT contractor (who is the proprietor and only director of a Ltd company, & won't be hiring any staff) have to register with Revenue for Employers PAYE/PRSI?


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    #4
    hold my beer
    Registered Users Posts: 1,772 ✭✭✭hold my beer


    ulster wrote: »
    Does an IT contractor (who is the proprietor and only director of a Ltd company, & won't be hiring any staff) have to register with Revenue for Employers PAYE/PRSI?

    If you want to pay yourself via the PAYE system yes


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    #5
    ulster
    Registered Users Posts: 209 ✭✭ulster


    hold my beer wrote: »
    If you want to pay yourself via the PAYE system yes

    How does one go about not paying themselves via PAYE. Is it like dividends or something?


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    #6
    hold my beer
    Registered Users Posts: 1,772 ✭✭✭hold my beer


    ulster wrote: »
    How does one go about not paying themselves via PAYE. Is it like dividends or something?

    Sole traders primarily, or those with passive income sources, pay tax via annual tax return


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    #7
    CIARAN_BOYLE
    Moderators, Sports Moderators Posts: 14,599 Mod ✭✭✭✭CIARAN_BOYLE


    ulster wrote: »
    How does one go about not paying themselves via PAYE. Is it like dividends or something?

    Dividends but that's just a silly route to use.

    Reguster for PAYE and pay yourself through the PAYE system.


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