The main points of budget 2011, in particular those relating to the calculation of irish payroll are:

• No reduction in state pension
• €10 reduction in Child Benefit in both lower and higher rates, additional reduction of €10 for third child
• Extension of Employer’s PRSI incentive scheme to 2011

• Public service pensions above €12,000 per year will be reduced by 4%
• Income tax band and credits to be lowered by 10 per cent
• People on new reduced minimum wage will not be brought into tax net
• DIRT increased by 2 per cent to 27 per cent on ordinary deposit accounts and by 2 per cent to 30 per cent on longer-term deposit accounts
• No change to 12.5% corporation tax rate
• All property-based tax reliefs to be effectively terminated by 2014
• Flat rate of 1 per cent stamp duty on all residential property transactions up to €1 million. Increase of 2 per cent duty on transaction over that amount
• All stamp duty exemptions abolished, which means first time buyers exemption is removed.
• Air travel tax reduced from €10 to €3 from March 2011
• Car scrappage scheme extended for a further six months
• Litre of petrol to rise by 4 cent, litre of diesel increase by 2 cent
• Income levy, health levy abolished and will be replaced with single universal social charge
• Employee PRSI contribution ceiling removed
• PRSI rate for self-employed, higher earning public servants and office holders to be increased
• A total of 25 tax reliefs to be abolished or restricted including Tax relief on trade union subscriptions
• Accelerated capital allowances scheme for energy efficient equipment timeframe to be extended.

these are the basic outline only, over the comming days we will post the detail of how these will effect the calculation of Irish Payroll , PAYE, PRSI and Universal Social Charge.