Ireland Tax Agency Updates Guidance on Emergency Tax, Universal Social Charge

The Irish Revenue Commissioners March 11 issued Revenue eBrief No. 072/24, updating guidance on the emergency tax basis and universal social charge (USC), to reflect changes from Finance Act (No. 2) 2023. The updated guidance includes: 1) revised tax bands and updated examples; 2) employer requirements for calculating an employee’s tax due on emoluments at the higher rate of tax, with no tax credits, for employees who don’t provide a personal public service number; 3) the standard cut-off rate of 807.70 euros (US$883) for 2024; 4) rules for using the emergency system and standard rate cut-off; and 5) the maximum ...