Sunday 21 January 2018

At a glance

Tax reliefs to be abolished: l Tax exemption on patent royalties.

•Benefit-in-kind exemption on employer-provided childcare where an employer provides financial support.

•Approved Share Option Schemes that offered all employees and full-time company directors tax incentives to buy shares in their company.

•Income tax relief for trade union subscriptions .

Tax reliefs to be restricted:

•PRSI, Health and Income levy charge on approved Profit Sharing Schemes.

•PRSI, Health and Income levy charge on Save-As-You-Earn Schemes.

•PRSI, Health and Income levy charge for unapproved Share Option Schemes.

•PRSI, Health Levy charge for share awards.

•Artist tax exemption to be restricted to €40,000.

•Ex-gratia termination and pension sum lump sum payments over €200,000 to be taxed.

Irish Independent

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