What tax credits are we entitled to?

M

MeathCommute

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Sorry to be putting up another thread. I am confused. I am the proprietary director of a limited company. I pay myself through the business. I also pay my wife for secretarial. She earns other income separately as well through as a adult education religion teacher. I do IT consultancy.

The SHARED Personal Tax Credit is €3300.

I assume my wife gets the PAYE Tax Credit of €1650?

As the proprietary director, do I get the Earned Income Tax Credit of €1150? What about the PAYE Tax Credit?

Thanks in advance
 
Your wife can get the PAYE credit up to the value of 20% of her earnings from her job as an adult education religious teacher, eg if she only earns €5K from this job the the PAYE credit will be restricted to 20% of this, ie €1,000

You are entitled to the Earned Income Credit, which I think is €1,350 for 2019. You are not entitled to the PAYE credit unless you have employment income outside of your proprietary directorship but even then the total of the Earned Income Credit plus the PAYE credit cannot exceed €1,650
 
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