I did this at the end of 2009 and again last month for 2010.The partnership, as employer, would have a liabilty at 8.5% of the salary you pay him.
The Revenue will send you a form, probably every month for the first year, which you return with any Prsi liability. At the end of the year you complete Form P35 with details of your son's earnings during the year, number of weeks worked, etc.
I did this at the end of 2009 and again last month for 2010.
I've just received a letter back from Social Welfare Services stating that the P35 return for 2009 is either incomplete or there is inaccurate/missing information.
He started work on 1st March 2009 and worked for 10 months. He earned €8,333 for this period. I paid €708 in Employer's PRSI by direct debit each month.
On the P35 for 2009 I entered €8333 as total taxable pay and €708 for Employer PRSI.
Has anyone any idea what they are looking for? Would like to have some idea before I call them.
Thanks
I didn't enter the class and number of weeks, just the start date and total taxable pay.Have you entered his social contribution class and number of weeks?
Fwiw, I don't really understand why you've paid employer PRSI on him. If its a class M employment, there should be no employer PRSI.
http://www.welfare.ie/EN/Publications/SW14/SW14_10/Pages/ClassKandM.aspx
I didn't enter the class and number of weeks, just the start date and total taxable pay.
I didn't enter the class and number of weeks, just the start date and total taxable pay.
My accountant told me that I'd have to pay 8.5%, he was 16 when employed on 1st March 2009.
He earned €10,000 in 2010 and I paid a total of €852 for 2010.
Sorry, have zero knowledge about PRSI classes etc.
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