Diarmuid Finnegan
Diarmuid is a Tax Director in PwC with over 11 years experience, specialising in employment taxes and revenue audit.
- Day-to-day, Diarmuid assists advise companies on all aspects of taxation of employees to include tax withholding (PAYE) obligations, Revenue audits, reward strategy, employee share plans, social taxes, and cross border working arrangements.
- Diarmuid has worked with companies in assisting them with Revenue Audits, Voluntary Disclosures, pre-audit health checks and due diligence reviews from an Employment Tax and payroll perspective and has extensive experience in supporting clients through Revenue interventions.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2017
Experience
- PwC (2014 - Present)
Membership
- Irish Tax Institute
- Chartered Accountants Ireland
Qualifications
- Bachelor of Commerce (2013)
- Masters of Accountancy (2014)
Education
- National University of Ireland, Galway (2014)
1 Contributions by Diarmuid Finnegan
PRACTICE NOTES
Ireland: Employment tax and payroll on TUPE transfers including continuity of employment, RPNs, PRSI, redundancy, pension rights, share schemes and asset purchase apportionments
Where staff move with the undertaking in which they are employed and assigned under SI No 131/2003 European Communities (Protection of Employees on Transfer of Undertakings) Regulations 2003 (Ireland) (SI No 131/2003 (IRL) (TUPE Regulations 2003 (IRL)), a range of important employment tax consequences arises and must be considered, where appropriate, in practice. This Practice Note addresses, for completeness, from an Irish tax standpoint, the employment tax and payroll consequences of a TUPE transfer, in particular.
Continuity of employment
Under SI No 131/2003 (IRL), reg 2 4, when a qualifying transfer takes place, in-scope employees’ contracts pass automatically to the incoming employer, preserving their existing terms and conditions, including length of service. The service element matters for employment tax in the context of any later redundancy. In those circumstances, an employee’s statutory redundancy entitlement will be computed by reference to the original start date of employment before the transfer. Years of service for ex-gratia tax exemption purposes, in relation to any ex-gratia payment, will likewise be determined by the original date employment commenced. Absent the operation of the TUPE Regulations 2003 (IRL) (and subject to an individual’s right to object to the transfer), a transfer of employment would result in...
Ireland - Employment
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