Karl Grabe's tax calculator only deals with PRSI Class A which is one difference. But are the income tax calculations different for a director versus a PAYE employee? I realise that some tax credits will not apply (e.g. a directory will probably not get a PAYE credit?) but otherwise does the normal income tax treatment not apply?
Certain directors ( i.e. those on PRSI Class "S" ) would have a lesser tax credit than other Class "A" directors as the owner director is not entitled to the PAYE Credit currently €1,760 for 2007. However the Income Tax rates and calculations otherwise would be the same as other PAYE employees.
Certain directors ( i.e. those on PRSI Class "S" ) would have a lesser tax credit than other Class "A" directors as the owner director is not entitled to the PAYE Credit currently €1,760 for 2007. However the Income Tax rates and calculations otherwise would be the same as other PAYE employees.