Tac credit for Directors in 2nd PAYE employment

[Bubbly Scot]

I did a search but didn't find anything about this. I got happy news when I was talking to the tax office today, as a Director of a limited company I am entitled to a tax credit of €1000 which is allocated at my second place of employment.

He said it cannot be used at the company I'm a Director of but it's an incentive given to those of us who take a second PAYE employment, he mentioned it was brought in at the last budget.

No question (at the moment) just wanted to ensure others knew about this in the current climate. If you do, feel free to delete
(and someone please fix my embarrasing typo in the title!)

 

[Eblanoid]

I did a search but didn't find anything about this. I got happy news when I was talking to the tax office today, as a Director of a limited company I am entitled to a tax credit of €1000 which is allocated at my second place of employment.

He said it cannot be used at the company I'm a Director of but it's an incentive given to those of us who take a second PAYE employment, he mentioned it was brought in at the last budget.
(and someone please fix my embarrasing typo in the title!)

Strange. Before this budget if you were a PAYE employee in company A (that you weren't a director of), you'd have been entitled to the PAYE tax credit regardless of your status as a director of companies B,C,D etc.

So in your situation you would have got the PAYE tax credit anyway. Are you saying that you're now going to get an additional €1000 credit on top of the PAYE tax credit?

 

[aetius]

no, i think he means he never got the PAYE credit before.

Now he can back-claim for a few years where he'd this second job and paid sufficient tax.

 

[Bubbly Scot]

no, i think he means he never got the PAYE credit before.

Now he can back-claim for a few years where he'd this second job and paid sufficient tax.

That's right, I only found out about it today and it's been applied. I just got the second job a few months ago. He implied that it was a new credit though but apparently it's not.

 

[Graham_07]

So is it clear that it's the existing PAYE credit of €1,830 that is being referred to? You don't get it in proprietory directorships but you do get it on other employments.

 

[Bubbly Scot]

So is it clear that it's the existing PAYE credit of €1,830 that is being referred to? You don't get it in proprietory directorships but you do get it on other employments.

Yes, that's how the tax man explained it to me, didn't realise it was as high as €1830 though. It has to go through my other employment, not the proprietory directorships one.

Thought it was a new thing, sorry