University of Limerick pays out €110k tax settlement for contract error

The University of Limerick made a tax settlement in excess of €110,000 to Revenue last year over a mix-up in how it deducted tax from contractors.

The university said it discovered an error in its treatment of five contractors following a review undertaken to ensure it had made correct PAYE and PRSI returns.

UL claims the mistake arose out of its treatment of the contractors as self-employed instead of employees for tax purposes.