As we head into the new tax year, 2023, there are many changes that are coming in to effect as a result of Budget 2023. It is important that, you as an employer be aware of these changes from a Revenue perspective and an employee rights perspective as a number of them will affect all employers in some way. Please familiarise yourself with the changes and contact us if you require more information. Below is a brief summary of some of the changes.
Statutory Sick Pay:
The Statutory Sick Pay Bill will come into effect from 1st January 2023, meaning an employee in Ireland will have legal rights under employment law to be paid whilst on sick leave. This will be phased in over a four-year period as follows:
To qualify for statutory sick pay the employee must:
Sick pay will be paid by employers at a rate of 70% of an employee’s wage, subject to a daily threshold of €110
The daily earnings threshold of €110 is based on 2019 mean weekly earnings of €786.33 and equates to an annual salary of €40,889.16, meaning anyone earning over this will get the maximum sick pay of €110 per day
Contact Us:
To discuss in confidence what the measures mean for you or your business, please contact our team outlined below, or your usual RBK contact.
Return to Budget 2023 Update – Changes coming into effect for employers.
