| |
Notice of the making of this Statutory Instrument was published in
|
| |
“Iris Oifigiúil” of 17th January, 2020.
|
| |
I, REGINA DOHERTY, Minister for Employment Affairs and Social Protection, in exercise of the powers conferred on me by sections 4 (amended by
section 96
of the
Ministers and Secretaries (Amendment) Act 2011
(No. 10 of 2011)) and 13(2)(dc) (inserted by
section 3
of the
Social Welfare (No. 2) Act 2019
(No. 48 of 2019)) of the
Social Welfare Consolidation Act 2005
, with the consent of the Minister for Finance after consultation with the Minister of Public Expenditure and Reform, hereby make the following Regulations:
|
| |
Citation
|
| |
1. These Regulations may be cited as the Social Welfare (Employment Contributions) Regulations 2020.
|
| |
Commencement
|
| |
2. These Regulations come into operation on 1 February 2020.
|
| |
Employment Contributions
|
| |
3. Section 13(2) (amended by section 3(1) of the
Social Welfare (No. 2) Act 2019
) of the
Social Welfare Consolidation Act 2005
is amended in paragraph (d) by the substitution—
|
| |
(a) in subparagraph (i), of “€395” for “€386”, and
|
| |
(b) in subparagraph (ii), of “€395” for “€386”.
|
| |
The Minister for Finance consents to the foregoing Regulations.
|
| |
|
| |
GIVEN under my Official Seal,
|
| |
9 January, 2020.
|
| |
PASCHAL DONOHOE,
|
| |
Minister for Public Expenditure and Reform.
|
| |
|
| |
GIVEN under my Official Seal,
|
| |
14 January, 2020.
|
| |
REGINA DOHERTY,
|
| |
Minister for Employment Affairs and Social Protection.
|
| |
EXPLANATORY NOTE
|
| |
(This note is not part of the Instrument and does not purport to be a legal interpretation.)
|
| |
These Regulations provide for an increase in the reckonable earnings threshold for employees from €386 to €395 whereby employer PRSI contributions are paid at the lower rate of 8.8%. The earnings threshold increase of €9 from €386 to €395 is intended to take account of the increase in the national minimum wage from €9.80 to €10.10 per hour from 1 February 2020. The increase in the earnings threshold takes effect from 1 February 2020.
|