Boylan & Dodd (Ireland): Accountants, Taxation Specialists and Corporate Finance Services Employers PRSI and Levies



No change to rates or bands announced in Budget 2007.

The major change to be aware of in this area is that from 1st January 2004:- Please choose between:
  1. From 1 March 2002
  2. Prior to then


Employer's PRSI and Levies - 2002 - Euro €€€
ER PRSI "Type"
From 1st March, 2002
Income Ceiling Rate
High Rate PRSI Ceiling Abolished 10.05%
 
Training Levy
From 1st March, 2002
Income Ceiling Rate
Levy Rate On all earnings 0.7%

The training levy is payable by class A and H employers.

Please note the above rates refer to the High Rate of Employers PRSI.

Employer's PRSI and Levies - PUNTS
ER PRSI "Type"
2001
2000/2001
1999/2000
 Notes
Income Ceiling Rate Income Ceiling Rate Income Ceiling Rate
High Rate PRSI On total earnings greater than £280 per week 11.3% £36,600 11.3% £35,000 12% Note 1
Low Rate on earnings less than £280 per week 7.8% on earnings less than £280 per week 7.8% on earnings less than £280 per week 8.5% Note 1
 
Training Levy
2001
2000/2001
1999/2000
 Notes
Income Ceiling Rate Income Ceiling Rate Income Ceiling Rate
Levy Rate On all earnings 0.7% £36,600 PRSI 0.7% n/a n/a Notes 1,2
Note 1:
One of the more controversial proposals in the December 2000 budget is the complete abolition of the ceiling on Employers PRSI. This means employers will be liable for PRSI on the total salaries they pay, rather than having the salaries restricted by the ceiling.

Note 2
The training levy is payable by class A and H employers.

Note 3
**nb** Please note the years above do not signify the exact date of a rate change, and are only a general guide as to the rates applicable in that year.