TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

PRSI and high income restrictions

Following another CCAB-I driven query at TALC Technical, Revenue have issued an eBrief which confirms that the restrictions on high income individuals do not apply in the calculation of PRSI and levies.

The reason for non-application to PRSI and levies is that the restrictions on high income individuals affect the taxable income for tax purposes and not the income figure on which PRSI and levies is based.

A copy of eBrief No. 57/2007 is reproduced at Section 2.06.