The Revenue are targeting companies in relation to payroll deductions from directors’ remuneration. The position of a director in an Irish incorporated company is regarded as a public office. PAYE/USC and PRSI should be deducted by a company when paying any remuneration to directors. The Revenue are requesting the following:
The tax exposure in circumstances where payments are made to directors not subject to PAYE / PRSI / USC, is that the Revenue would "gross up" those payments and request that the relevant taxes be paid.