The Employer Job (PRSI) Incentive Scheme means that when you employ additional eligible workers in 2010, you will not have to pay employer’s PRSI in respect of their employment for twelve months from the date you are approved for the scheme. Under this scheme, you will be limited to a maximum of 5% of your existing workforce or five employees, whichever is the greater.
This scheme is open to any employer who creates a new and additional job in 2010 which meets the scheme criteria. If you created a job in 2010 before the scheme was launched in June 2010, you may benefit from an employer’s PRSI exemption for this job for twelve months from the date you are approved for the scheme.
To qualify, you must employ a person who is in receipt of one of the following payments for a continuous period of at least six months:
1) Jobseeker’s Benefit
2) Jobseeker’s Allowance
3) One-Parent Family Payment
4) Disability Allowance
or
Be on the Work Placement Programme administered by FÁS for at least three months.
The job must:
1) Be new and additional
2) Be for at least 30 hours a week
3) Last for at least six months.
If you are eligible and wish to employ an new employee under the scheme you must apply to the Department of Social Protection using form PRSI 20 together with a current tax clearance certificate.
The exemption is granted for a maximum of twelve months from the date of approval. If the person’s employment ceases within six months of getting the exemption, you may be liable to pay the employers PRSI contributions for the new employee.
If you wish to discuss any of the above do get in touch with us at info@irishaccounts.ie
The information contained in this blog is for general guidance on matters of interest only and should not be construed as professional advice or service.As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers.