The tax treatment of sick pay and maternity pay where an employee is also in receipt of Illness Benefit or Maternity Benefit from the Department of Social Protection is one of the most troublesome and contentious issues which arises in the operation of payroll and is a constant source of queries and confusion.
It is further complicated by recent changes in legislation regarding the taxation of Illness Benefit since 1st January 2012 and the taxation of Maternity Benefit, Adoptive Benefit and Health & Safety Benefit since 1st July 2013.
There are various ways in which employers can deal with this issue, some of which result in an employee being better off financially while absent from work, something which is fundamentally wrong and which was never intended and other methods which result in employers paying excessive amounts of PAYE, PRSI and USC to the Revenue Commissioners to the benefit of no one.
This 1 day course will also outline the most efficient method to use for processing such payments which will ensure that employees do not lose out financially while absent on leave and also ensure that employers do not incur unnecessary costs, something which happens in very, very few cases. The incorrect operation of rules relating to such payments can be horrendously expensive for employers and can be hugely detrimental to the morale of conscientious staff by appearing to reward people absent on sick leave, maternity leave or adoptive leave.
There is no single correct treatment of the payment of sick pay and maternity pay, because each employees' entitlements depend on a combination of terms of their contract of employment and employment legislation and contrary of the terms of their contract of employment and employment legislation and contrary to what many people believe, neither the Revenue Commissioners or the Department of Social Protection have any role in advising on what is fundamentally a contractual matter between employers and employees.
Benefits to you
This is an invaluable course which will bring real financial and commercial benefits to employers and staff.
This course will be of primary benefit to conscientious employers who provide sick pay and maternity pay schemes, but who are not aware of the full cost implications of the different methods used to make such payments. Payroll and HR personnel will also learn how to work smarter and not harder to achieve their personal and business goals and objectives.
This course also includes:
- An opportunity to put your questions to a taxation consultant who specialises in this area
- Small groups to allow time for individual attention and queries
- A detailed hand out is supplied to each delegate - an invaluable reference document
- This course will pay for itself many times over
- 30 day free telephone helpline service following date of course
Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society, Accounting Technicians Ireland and other professional bodies.
Courses run from 10.00am - 4.30pm - tea/coffee on arrival, mid-morning & mid-afternoon and lunch will be provided.