Republic of Ireland: Redundancy Payments Scheme – Redundancy Rebates and Tax Payment DifficultiesThursday, October 8th, 2009
Employers who pay the statutory redundancy entitlement and give proper notice of redundancy are entitled to a 60% rebate from the Social Insurance Fund, into which they make regular payments themselves through PRSI contributions.
Where a business is awaiting a statutory redundancy rebate and is experiencing particular difficulties in meeting its tax obligations because of a delay in receiving the repayment, then, subject to satisfactory evidence being provided of the repayment due and its quantum, Revenue will be accommodating in deferring for a reasonable period collection or enforcement action that would otherwise ensue in the event of delayed payment of tax.
Revenue has agreed with the Department of Enterprise, Trade and Employment a form of authorisation for payment of the rebate direct to Revenue by the Department. This will facilitate the business in putting in place, in a speedy fashion, the necessary arrangements to have the rebate payment made directly to Revenue.
Redundancy Rebates and Tax Payment Difficulties
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