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Employer late with Pay ,, Tax implications

  • 21-09-2016 11:25AM
    #1
    Registered Users, Registered Users 2 Posts: 286 ✭✭


    Quick Question,
    I am in a commission sales role. My boss made a mistake which means my commission will not reach my bank account until later in the year. This means instead of getting a months commission in my payslip, I will be getting 3 months commission all together.

    Is there tax implications (USC, PRSI ect) with receiving a lump sum like that or does it balance it's self out?


Comments

  • Registered Users, Registered Users 2 Posts: 14,595 ✭✭✭✭CIARAN_BOYLE


    Dow99 wrote: »
    Quick Question,
    I am in a commission sales role. My boss made a mistake which means my commission will not reach my bank account until later in the year. This means instead of getting a months commission in my payslip, I will be getting 3 months commission all together.

    Is there tax implications (USC, PRSI ect) with receiving a lump sum like that or does it balance it's self out?

    PAYE and USC are cumulative which means they balance out. PRSI is not cumulative so you could be benefiting, lsoing out or be in exactly the same situation.


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