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Cash Tips Only Please?

Mike Evans Director of the Remuneration & Benefits Unit at accountants and business advisors PKF provides us with an update on the issues and a review of the new guidelines on troncs
The Inland Revenue has issued a new booklet E24 called Tips Gratuities Service Charges and Troncs. It is a guide to income tax National Insurance contributions national minimum wage issues and VAT.
Before getting into the detail and the arguments about the new guidelines readers may be interested in a 'view from abroad'. Asked recently the Irish Revenue Commissioners informed our Dublin Office that there is no stated practice as regards the enforcement of the taxation of tips and the subsequent collection of PAYE/PRSI (equivalent to our NIC). Cash only...
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