Starting work in Ireland

redape

Registered User
Messages
20
Hi, I came over from England in September and set up a Ltd. Co. for IT contracting. I now want to pay myself salary in November and December but not sure of the best thing to do. I have a PPS number and a Tax Allowance Cert (with 1760 personal tax credit and srcop of 34000) but the accountant who set up the company says I'm not entitle to the 1760 as I'm not yet resident.

Anyone been in a similar situation?
 
Don't understand your Accountant's comment. We have hundreds of people from other countries coming here to work every week and they apply for tax credits as soon as they start work, and get them within a couple of weeks.
 
Thanks... yep seen the links and others thanks. I thought the tax credit was OK too. In fact the 1760 personal tax credit is all that's on there anyway (no paye credit) which would reflect my being a proprietary director.

So, given that November and December will be my first salaries in Ireland I was thinking of taxing both at 20%, using the monthly credits of 146.67 and also taking off 5% PRSI for prop. director.

Is there a way of taking advantage of the fact I'm starting work nearly at the end of the tax year?! eg. (and I suspect the answer is no!) could I declare 2 large salary instalments of say 10K each to take more advantage of the 20% cut-off, pay the tax/prsi amounts due on those immediately and then pay myself the net salary early next year when there are more funds in the company?!

Cheers.
 
Is the IT sector better here than the UK? Thought the reverse would have been the case...