The Departments of Finance and Social Protection issued a Consultation paper on what they term Intermediary-type Structures ie Contractors with a call for submissions closing on 31 March 2016.
We have reviewed the Consultation Paper and are disappointed it does not engage with the reality of the world of professional contracting and is more narrowly focussed on perceived losses of revenue to the Exchequer.
References to zero hours contracts appear as emotive headline grabbing comments but have little or no reality to Intermediary-type contracts.
Top public servants can expect to pay more PRSI on their private income after the Budget, according to The Sunday Business Post, which says Government is preparing to remove a ‘block exemption’ from PRSI payments on private income, most of them hospital consultants who do not pay PRSI on earnings from treating private patients.
The aim of the Employees Job (PRSI) Incentive Scheme is to support job creation by exempting employers from liability to pay their share of PRSI contributions. The current rates of employer’s PRSI are 8.5% or 10.75% of the employee’s gross pay.