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

Pension Levy due 25 September

The pension scheme levy was due for payment Thursday 25 September. The levy is 0.75% of the market value of assets in pension schemes.

A levy of 0.6% on pension funds was introduced as part of the Jobs Initiative in 2011 to fund the 9% rate of VAT and the halving of the reduced rate of employers PRSI. The 0.6% levy was due to expire on 31 December 2014 however, the Minister for Finance announced as part of Budget 2014 an increase to the levy of 0.15% for 2014. The levy is to continue and apply at a rate of 0.15% in 2015.