Partnership Tax Bill to be Enacted before Dáil Summer Recess
It was noted in the Dáil debates this week that a Bill
providing for the necessary taxation measures under the Civil Partnerships Act
2010 will be put before the Dáil shortly. It is expected to be enacted before
the summer recess of the Dáil.
Stage of Finance Bill Scheduled for 7 June
The Committee Stage of the Finance (No. 2) Bill 2011 is
ordered for Tuesday 7 June. The second stage in the Dáil took place last week.
In the second stage speech of the Finance (No. 2) Bill 2011 the
Minister for Finance noted:
the forthcoming Social Welfare Bill which will include legislation for
reduction in Employer’s PRSI, halving
the rate of employer’s PRSI until end-2013 on jobs that pay up to €356 per week,
will be published in early June. This measure will take effect from 1 July
- The existing Employer
Job (PRSI) Incentive Scheme will
remain in place until the end of this year so that enterprises and businesses
that had planned to take on staff under this scheme in that period may continue
to do so.
Social Welfare Bill will also legislate for the abolition of the charge to Employers’ PRSI on Share-Based Remuneration with
effect from 1 January 2011. The imposition of this charge on employers
needlessly increases the costs of doing business in Ireland and has the
potential to negatively affect current employment levels and future investment
decisions. Businesses operate under strict budgetary control in the current
economic climate and increasing their costs is unwise.
Please contact Frances Nolan for further information.
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