This isn't correct, nor was it correct 3 years ago.if your husband is a proprietary director they he is in band S self employed
so there is no Company obligation to pay prsi and your husband does
his normal self employed returns.
ubiquitous said:This isn't correct, nor was it correct 3 years ago.
ubiquitous said:Companies ARE obliged to deduct paye and prsi on directors salaries. This is a basic premise of the tax system and it is surprising that your accountant did not know this.
ubiquitous said:Yes, on proprietary directors.
Judging by your use of the above link I suspect that you may be confusing employee and employer PRSI? Employee PRSI on prop. director salaries is 5%. There is no employer PRSI. However the onus is on the employer (ie the company) to deduct the employee portion of the PRSI at source from salary payments made to the director, and to remit these sums to Revenue via the PAYE system.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?