How might PAYE Modernisation affect you? Are you planning for it yet?
There are lots of views as to the potential impact coming down the track from Revenue’s planned PAYE Modernisation initiative.
This article from today’s Irish Times provides insight into the views of various businesses – big and small. It might prompt you to think about some of the possible implications for you.
Let us know what you think. Leave a comment or email us at info@ardbrook.ie
PAYE Modernisation will improve payroll processing for your Organisation
PAYE Modernisation will definitely cause payroll processing problems for your organisation
PAYE Modernisation will make no difference to your Organisation
P35 Refunds and P35 Amendments
P35 Refunds
To avoid delays in the processing of refunds that arise from the end of year P35 paper returns, taxpayers and their agents should note that:
A P35 refund can only be processed on the receipt of a valid claim. A valid claim should be made by entering the refund amount on the P35 declaration (line E) or by sending a claim to Revenue in writing for the amount of the refund due.
If line E on the P35 declaration is not completed where the declared liability is less than the amount paid, Revenue will not accept that a valid […]
What Everybody Ought to Know about P30/P35 Differences
As we approach the end of the tax year our minds turn to P30/P35 differences, or maybe not! If, on period update (or manually selecting the P30/P35 comparison option) you find that you have a difference between your P30 (Company) and P35 (Employee) totals either in the tax, PRSI or both then it may be due to one of the following reasons
A new employee was setup with PRSI figures from another employment.
A new employee was setup with P45 pay and tax entered as this employment.
An employee’s PRSI class was changed without retaining existing data.
A manual adjustment was made to an […]