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Thread: Employers PRSI

  1. #1
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    Default Employers PRSI

    should LOSS making company's have to pay tax?

    A loss making company has to pay employer's PRSI, VAT etc. Should they be able to set their loss against other tax heads.

    This would help the cash flow of loss making companies.

    I just don't think that struggling loss making companies should have to pay tax. That just hastens closures, job losses, more welfare etc

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    Quote Originally Posted by toughbutfair View Post
    should LOSS making company's have to pay tax?

    A loss making company has to pay employer's PRSI, VAT etc. Should they be able to set their loss against other tax heads.

    This would help the cash flow of loss making companies.

    I just don't think that struggling loss making companies should have to pay tax. That just hastens closures, job losses, more welfare etc
    What are "tax heads"?

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    Quote Originally Posted by Middleaged View Post
    What are "tax heads"?
    Income Tax, VAT, Corporation tax are taxheads i.e categories of taxes

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    Quote Originally Posted by garlandgreen View Post
    Income Tax, VAT, Corporation tax are taxheads i.e categories of taxes
    Thanks, 25 years an accountant, never heard the expression....

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    Quote Originally Posted by Middleaged View Post
    Thanks, 25 years an accountant, never heard the expression....
    It's Revenue jargon

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    really not a huge issue for us. So long as our competitors are paying the same.

    The revenue could learn to lighten up on the VAT thing. I got chased earlier this year for 13c. That's thirteen cent. Got nasty phonecalls and everything. 25 years in business and never once had a late tax payment and that's how I get treated.
    Freedom, Tolerance & Equality of Opportunity

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    Quote Originally Posted by Munion View Post
    really not a huge issue for us. So long as our competitors are paying the same.

    The revenue could learn to lighten up on the VAT thing. I got chased earlier this year for 13c. That's thirteen cent. Got nasty phonecalls and everything. 25 years in business and never once had a late tax payment and that's how I get treated.
    Why not run a hundred yards throwing "pennies"....

    There would have been 13 collectors...

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  8. #8

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    Surely we dont need any unusual incentives for companies to claim they are loss making. I'm sure there are sufficient ways for them to get out of paying all the other forms of taxation. Also loss making companies are the ones most likely to end up looking for some of their employers PRSI back by way of redundancy subsidies. Dont think its a good idea myself..
    The Greens have sold their souls for a few less furry coats

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    Politics.ie Member hammer's Avatar
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    Politics.ie Member wombat's Avatar
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    I have never seen the logic behind employers' PRSI - its a tax on employment.
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