Revenue Guide: Calculation of Tax under the PAYE System
An updated guide on the calculation of tax under the PAYE system is now available on Revenue's website. The guide outlines changes introduced in FA 2012 on the taxation of Illness Benefit by employers. From 1 January 2012, the first 6 weeks (36 days) of Illness Benefit and Occupational Injury Benefit payments in the tax year are no longer exempt for income tax purposes and the employer is obliged to make certain adjustments to their normal PAYE procedures to take account of these benefits.