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Commission on Taxation Report [ Gratuities etc ]

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  • Goldie fish
    replied
    Originally posted by DeV View Post
    The "natural" wastage, McCarthy was looking for?!

    Will the proposal extend to RDF gratuity I wonder.
    Different thing completely.

    Totally different.

    As different as an apple and a ferrari.

    Leave a comment:


  • DeV
    replied
    Originally posted by Goldie fish View Post
    A bit late for those who have already retired early, anticipating their grat being taxed.
    100000 of a threshold before tax.
    The "natural" wastage, McCarthy was looking for?!

    Will the proposal extend to RDF gratuity I wonder.

    Leave a comment:


  • Goldie fish
    replied
    A bit late for those who have already retired early, anticipating their grat being taxed.
    100000 of a threshold before tax.

    Leave a comment:


  • trellheim
    started a topic Commission on Taxation Report [ Gratuities etc ]

    Commission on Taxation Report [ Gratuities etc ]

    561 pages.

    Directly Relevant :

    15.5 Military and other pensions, gratuities and allowances
    Description
    Exemption from income tax applies to military pensions, gratuities and allowances. It applies to army wound and disability pensions; gratuities in respect of army wounds or disabilities; demobilisation pay and gratuities paid to officers of the National Forces or the Defence Forces of Ireland on demobilisation; deferred pay (within the meaning of any regulation under the Defence Act, 1954) and gratuities granted in respect of service with the Defence Forces

    Conclusion
    At the level of the individual this measure recognises, through the provision of tax relief, the personal contribution to the State made by members of the defence forces and, in particular, those who have suffered wounds or disability as a result of that service. In this regard we consider this exemption to have a social dimension and we recommend that it continue. We also recommend that in future,the tax treatment of military service gratuities should be consistent with the tax treatment of lump sum
    payments in other public service employments.
    Recommendation 8.109
    The relief from income tax of military and other pensions, gratuities and allowances should continue.In future, the tax treatment of military service gratuities should be consistent with the tax treatment of lump sum payments in other public service employments.


    http://www.commissionontaxation.ie/d...ort%202009.pdf
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