The Irish PAYE system is currently undergoing a massive overhaul, with new changes being implemented from 1st January 2019. This is called PAYE Modernisation. The existing system was introduced nearly 60 years ago and so this update is long overdue.
With PAYE Modernisation, employers, or bureaus on their behalf, will need to submit an electronic file to Revenue each time an employee has been paid. This real time reporting will enable Revenue to ensure that employees are receiving their correct tax credits and cut off points at all times.
Fortunately for employers and payroll bureaus, this real-time reporting will replace most of the “P” forms (P30, P35, P45, P46 and P60) enabling them to reduce their workload. Most payroll systems will automate many of the new processes, whereby electronic files will be automatically created and sent to Revenue at the click of a button.
Revenue is joining Thesaurus Software for a series of free, CPD accredited webinars. The webinars are customised to both employers and payroll bureaus for them to find out how they will be affected by PAYE Modernisation.
Our previous PAYE Modernisation webinars were highly sought after with over 2,000 employers and payroll bureaus in attendance. Places are limited - make sure to book your place now to avoid disappointment.
If you are unable to attend the webinars at the specified time, simply register and we will send you the recording afterwards.
We have lots more webinars scheduled over the coming months. Don’t miss out - make sure to sign up to our newsletter today! You will have the option to unsubscribe at any time.