Personal Tax Credit Chart 2016/2017

Personal Tax Credits

The following chart gives details of the main personal tax credits for the tax years 2016 and 2017.

Tax credits for the years 2016 and 2017
Personal Circumstances 2016 2017
Single Person €1,650 €1,650
Married Person or Civil Partner €3,300 €3,300
Widowed Person or Surviving Civil Partner – qualifying for Single Person Child Carer Credit €1,650 €1,650
Widowed Person or Surviving Civil Partner without qualifying child(ren) €2,190 €2,190
Widowed Person or Surviving Civil Partner in year of bereavement €3,300 €3,300
Single Person Child Carer Credit €1,650 €1,650
Widowed Parent Tax Credit (with qualifying child) – Bereaved in 2016 €3,600
Widowed Parent Tax Credit (with qualifying child) – Bereaved in 2015 €3,600 €3,150
Widowed Parent Tax Credit (with qualifying child) – Bereaved in 2014 €3,150 €2,700
Widowed Parent Tax Credit (with qualifying child) – Bereaved in 2013 €2,700 €2,250
Widowed Parent Tax Credit (with qualifying child) – Bereaved in 2012 €2,250 €1,800
Widowed Parent Tax Credit (with qualifying child) – Bereaved in 2011 €1,800
Home Carer Tax Credit (max.) €1,000 €1,100
Employee Tax Credit (max.) €1,650 €1,650
Earned Income Tax Credit (max.) €550 €950
Age Tax Credit if Single, Widowed or Surviving Civil Partner €245 €245
Age Tax Credit if Married or in a Civil Partnership €490 €490
Incapacitated Child Tax Credit €3,300 €3,300
Dependent Relative Tax Credit ( – See Note 1) €70 €70
Blind Person’s Tax Credit – Single Person* €1,650* €1,650*
Blind Person’s Tax Credit – One Spouse or Civil Partner Blind* €1,650* €1,650*
Blind Person’s Tax Credit – Both Spouses or Civil Partners Blind* €3,300* €3,300*
Incapacitated Individual – Relief for employing a carer** €75,000**max €75,000**max

 

 

 

* Relief in respect of the cost of maintaining a guide dog (max €825) is claimed under the heading of Health Expenses.

 

** Relief for Employing a Carer is allowable at the individual’s highest rate of tax, which is 20 per cent or 40 per cent.

Note 1

In the case of the Dependent Relative tax credit, if the relative’s income exceeds the relevant limit of €14,060 in 2016 or €14,504 in 2017 no tax credit is due.

http://www.revenue.ie/en/tax/it/leaflets/it1.html#section26

 

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Important Notice to Employers & Pension Providers from Revenue

Irish Tax and Customs

IMPORTANT NOTICE TO EMPLOYERS & PENSION PROVIDERS

Taxation of Paternity Benefit

Statutory paternity leave of 2 weeks together with a new Paternity Benefit has been introduced in respect of births and adoptions on or after 1 September 2016.

Paternity Benefit (including any increases for adults and child dependants), payable by the Department of Social Protection (DSP) is liable to tax. USC and PRSI will not apply.

As part of the on-going exchange of information arrangements between the DSP and Revenue, Revenue will receive details of the benefit payments which will be updated onto Revenue’s records.

Individuals who pay their tax through the PAYE system will, where possible, automatically have their annual tax credits and rate bands reduced by the amount of the Paternity Benefit payment.

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

As Paternity Benefit is being taxed by reducing employees’ tax credits and cut-off points on P2Cs, employers/pension providers are not to include figures for this payment on forms P45, P60 or P35L.

All queries relating to the payments should be directed to the DSP.

For further information follow the link to our Links Page where you can connect with Revenue and The Department of Social Protection.

http://www.revenue.ie/revsearch/search?q=paternity&btnSearch=Find

https://www.welfare.ie/en/Pages/Paternity-Benefit.aspx

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Revenue Key Dates July 2016

July 2016 Revenue Key Dates

Return and payment dates for the month of July
Date Type of return and the period of the payment cover for each tax type
14 PAYE/PRSI/USC/LPT:
P30 monthly return and payment for June 2016
P30 quarterly return and payment for April – June 2016
14 DWT: Return and payment of DWT for June 2016
14 PSWT: F30 monthly return and payment for June 2016
19 VAT: Monthly VAT 3 return and payment (if due) for the period June together with a Return of Trading Details where the accounting period ends in June
19 VAT: Bi-Monthly VAT 3 return and payment (if due) for period May – June 2016 together with the Return of Trading Details where the accounting period ends between the 1st May and the 30th June
19 VAT: Bi-Annual VAT 3 return and payment (if due) for period January – June 2016 together with the Return of Trading Details where the accounting period ends between the 1st January and the 30th June
19 VAT: Annual VAT 3 return and payment (if due) for the period July – June together with a Return of Trading Details where the accounting period ends in June
20 VAT: MOSS VAT return and payment (if due) for the period April – June 2016
*1-23 Corporation Tax: PT for APs ending between 1-31 August 2016
*1-23 Corporation Tax: Returns for APs ending between 1-31 October 2015
*1-23 Corporation Tax: Pay balance due on APs ending between 1-31 October 2015
23 RCT: RCT monthly return and payment (if due) for June 2016
23 RCT: RCT quarterly return and payment (if due) for period April – June 2016
1-31 Corporation Tax: Returns of Third Party Information for APs ending between 1-31 October 2015

* Where the return and payments are not received electronically, the return and payments filing date is 1-21 of the relevant month.

Note: Extended date for certain taxes for customers who both file and pay electronically (via ROS)

Dates taken from Revenue http://www.revenue.ie/en/practitioner/calendar.html#section7

Revenue Key Dates

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