Contracting Tip of the MonthPosted Thursday, September 14, 2017
Have you registered for the Earned Income Tax Credit?
Directors of a Limited Companies are entitled to an annual Earned Income Tax Credit of 950. To avail of this additional tax relief you will need to lo-call Revenue a declare your status as a Proprietary Director. You will need to give them the company VAT number. Revenue will then be able to assign this tax credit to your income.
Please contact your Payroll Manager or the Solutions Team if you have further queries. VAT numbers will be given upon request.