Surf Payroll is already updated with the budget changes, wherever applicable. Use it just like before without worrying about whether your payroll is budget-compliant. Still, we have provided the main changes below.
USC
| 2022 | 2023 |
| The Cut-Off Point for Rate 2 was € 21,295 | The Cut-Off Point for Rate 2 is € 22,920 |
For more information, refer to USC Updates from January 2023 or click here.
PRSI
Due to the increase in the National Minimum Wage, there are changes to the AX Higher /AL Lower PRSI threshold (from € 410 to € 424).
For more information, refer to PRSI Rates from January 2023 or click here.
Emergency Tax Brand
The increase in the SRCOP to € 40,000 results in a change in Emergency Tax calculations.
| Where employee provides a PPS Number | 2022 | 2023 |
|---|---|---|
| Weeks 1-4 | ||
| Tax Credit Weekly | € 0.00 | € 0.00 |
| Cut-Off Point Weekly | € 708.00 | € 770.00 |
| Fortnight 1-2 | ||
| Tax Credit Fortnightly | € 0.00 | € 0.00 |
| Cut-Off Point Fortnightly | € 1,416.00 | € 1,539.00 |
| 4-Week 1-1 | ||
| Tax Credit Four-Weekly | € 0.00 | € 0.00 |
| Cut-Off Point Four-Weekly | € 2,831.00 | € 3,077.00 |
| Month 1 | ||
| Tax Credit Monthly | € 0.00 | € 0.00 |
| Cut-Off Point Monthly | € 3,067.00 | € 3,334.00 |
| From Week 5 / Fortnight 3 /4-Week 2 /Month 2 and so on | ||
| Tax Credit Weekly | € 0.00 | € 0.00 |
| Cut-Off Point Weekly | € 0.00 | € 0.00 |