What a mess.
Yesterday, Noonan implied that DIRT was the only liability.
Today, Joan Burton said they did not know if PRSI would be applied and to "wait for the finance bill". However, today also, Noonan confirmed that PRSI would apply but gave no guidance as to how it would be collected. I assume Noonan, this time, is correct.
Can someone please ask Noonan / DoF how PRSI will be collected?
It would appear that NTMA State Savings products which are "completely tax free" are not subject to PRSI. However, have the NTMA come out and put this in writing?
I need to update the grossed up rates for term deposits to include PRSI which will make the State Savings products even more attractive.