Taxation of Maternity Benefit, Adoptive Benefit and Health and Safety Benefit commences July 2013.

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Taxation of Maternity Benefit, Adoptive Benefit and Health and Safety Benefit commences July 2013.

These benefits which are payable by the Department of Social Protection (DSP) will be taxable in full from 1 July 2013. USC and PRSI will not apply to these benefits.

The Revenue Commissioners have issued eBrief No. 19/13 to remind employers of their obligations to deduct the tax from payroll.

The eBrief states: by way of administering the taxation of these benefits, Individuals who pay their tax through the PAYE system will, where possible, have their annual tax credits and cut-off point reduced by the amount of these payments.

Employers/pension providers will be advised of the adjusted tax credits and cut-off points on employer tax credit certificates (P2Cs).

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The material in this article is for general information purposes only and does not constitute legal or taxation advice. Specific legal and taxation advice should be sought before acting. All information and taxation rules are subject to change without notice.

No liability whatsoever is accepted by M. McLoughlin & Co. for any action taken in reliance on the information in this article

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