Tax Credit Certificate (TCC)

Revenue issues a Tax Credit Certificate to every employee who makes a claim for tax credits. The certificate sets out in detail the amount of tax credits and standard rate cut-off point (SRCOP) that Revenue has determined to be due to the employee. Revenue issues a Tax Credit Certificate to the employee in the following circumstances;

  • upon the employees first application for tax credits
  • annually for each new tax year
  • amended Tax Credit Certificate issues due to a change in individuals personal circumstances
  • individual commences new/additional employment

Revenue will also issue a Tax Credit Certificate to an individuals employer, either on paper or electronically by means of a P2C file. CollSoft offers functionality to facilitate the import of the P2C file to update the Revenue details of employees automatically.

Information regarding the personal circumstances of the employee is NOT disclosed on the Tax Credit Certificate issued to the employer.
It only shows the total amount of the tax credits and SRCOP to which the employee is entitled and the tax basis to be used in applying the details of the Tax Credit Certificate against the earnings of the employee in that employment.

In most cases, the employer will use the pay, tax and USC figures from the P2C. These pay, tax and USC figures should not be different from figures obtained from (say) the most recent cumulative P45 as the source of the figures will, in most cases, be the same.

The employee's previous pay, tax and USC details are included on the P2C to assist the employer in calculating the correct PAYE due. The pay, tax and USC figures are the most up-to-date figures available to Revenue. If the pay, tax and USC figures are not available, the P2C will be on a Week 1/Month 1 basis.

If the employer is aware that the pay, tax and USC figures on the P2C are incorrect, this should be brought to the attention of the relevant Revenue District as soon as possible.

Tax Credit Certificate: Example of Paper Tax Credit Certificate
Creation date: 02/01/2017 23:46     Updated: 02/01/2017 23:46
Basic principles relating to the Irish payroll tax system
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