DEDUCTION (MATURE WORKERS) RULES (matureworkers)

DEDUCTION (MATURE WORKERS)

SUBSIDIARY LEGISLATION 123.159

DEDUCTION (MATURE WORKERS) RULES

27th May, 2014

LEGAL NOTICE 180 of 2014, as amended by Act XXVII of 2016.

(1) The title of these rules is the Deduction (Mature

Workers) Rules.

(2) These rules shall come into force as from the year of

assessment 2015, in respect of employees engaged on or after 1st

January 2014.

In these rules, unless the context otherwise requires -

"qualifying employee" shall refer to an individual whose age is

between 45 and 65 years and whose name appears on the

unemployment register (Parts 1 and 2) and has been on this register

for at least the preceding 6 months, as established by Jobsplus;

"qualifying person" means an employer who provides

employment to a "qualifying employee", as approved by Jobsplus;

"training" shall refer to a training programme attended outside

the place of work or performed at the place of work but outsourced

to third parties, after due monitoring and approval by Jobsplus.

(1) Where a qualifying person provides employment to a

qualifying employee in the year preceding the year of assessment, a

deduction equivalent to €5,800 per annum shall be allowed against

the chargeable income of the said qualifying person during the first

two years of providing employment to the qualifying employee

Provided that, where the employee is not employed for a

full year during the year of assessment, the deduction is allowable

pro rata. The two years deduction commence on the first day of

employment, and, provided the employee remains in the relative

employment, the qualifying person will benefit from a deduction

equivalent to €11,600 at the elapse of the said two years

Provided also that, to the extent that the deduction cannot

be wholly set off against the income of the qualifying person for

the year during which the deduction is entitled, it shall be carried

forward and set off against the income of subsequent years in

succession

Provided further that, where the qualifying person is an

individual, to the extent that the deduction cannot be wholly set off

against the income of the individual or of his spouse, where

applicable, for the aforesaid year, it shall be carried forward and set

off against the income for subsequent years in succession.

(2) The deduction shall only be allowed where the qualifying

person does not benefit from any deduction, tax credit, or any other

form of assistance in relation to the said employment by the

Government or any Government entity.

DEDUCTION (MATURE WORKERS)

Where a qualifying person provides employment to a

qualifying employee in the year preceding the year of assessment, a

deduction equivalent to 50% of the expense incurred in the training

of the qualifying employee (up to a maximum of €400) shall be

allowed against the chargeable income of the qualifying person.