This is a ten-part Worldwide Tax Blog Series on a cross section of amendments in the Irish Tax System and a general overview:
Universal Social Charge – Part 1
The Remittance Basis for Income Tax – Part 2
The Remittance Basis for Capital Gains Tax – Part 3
Taxation of Certain Social Welfare Benefits – Part 4
Mortgage Interest Relief – Part 5
Donations To Approved Bodies – Part 6
Farm Restructuring Relief – Part 7
FATCA – The US Foreign Account Tax Compliance Act – Part 8
Close Company Surcharge – Part 9
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4. TAXATION OF CERTAIN SOCIAL WELFARE BENEFITS
From 1st July 2013 certain Social Welfare Benefits not previously chargeable to Income Tax will come into the Income Tax net including:
1. Maternity Benefit
2. Adoptive Benefit
3. Health & Safety Benefit
Revenue will now be permitted to amend tax credit certificates and standard rate cut off points to collect the tax arising on these benefits. Read More
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