Republic of Ireland: Electronic Tax Deduction Card – New calculation tool for employers
Monday, November 24th, 2008
Revenue has made a new electronic Tax Deduction Card (TDC) available for the use of employers. This facility helps employers maintain a complete employee deduction record of all employees’ pay, tax and PRSI details and is intended to replace the paper TDC used by some employers.
An employer need only enter the annual Tax Credit amount and Standard Rate Cut-Off Point shown on the Tax Credit Certificate into the electronic TDC to calculate an employee’s weekly or monthly amounts of Tax Credits and Standard Rate Cut-Off Point. The TDC displays the cumulative weekly Tax Credit and Standard Rate Cut-Off Point amounts for each week of the year.
The TDC can be printed or saved locally on your PC for safe storage. It is used by means of a pdf reader such as Adobe Reader. Note, however, that figures entered on the TDC are not retained by Revenue – the TDC must be saved or printed after completion.
Further information:
Electronic Tax Deduction Card
Weekly electronic TDC for employees paid weekly or fortnightly
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Moira O'Sullivan says:
October 12th, 2011
14:23
How can I get a copy of the electronic tax deduction card 2011 on line?
Strangely enough, I got it yesterday for one employee, and when I tried to get it today for a second one I can’t.
How do I get the tax credit and the cut off point on to the different weeks?
I also did that on one but i can’t do it in the second.
Lokking forward to hearing from you as soon as possible.
Many thanks.
Moira O’Sullivan (Employer’s Registration No. 65226348 H)
Ian Congreave says:
October 14th, 2011
08:44
Moira, you will find links to the current tax deduction card at http://www.revenue.ie/en/business/paye/e-tax-deduction-card.html. When you have completed a form for one employee, you will need to save that form, and then open a new blank form for the next employee.