PAYE modernisation was announced in the 2016 budget statement and will involve the most significant reform of the PAYE system since its introduction in 1960. Employers will need to calculate and report their employees’ pay and deductions as they are being paid. This will make it easier for Revenue, employers and employees to ensure that the right tax is deducted and paid at the right time.
Employer Readiness – have you?
Remember - Normal year-end reporting obligations still apply for 2018
Further details can be found on the Revenue website at PAYE Modernisation.
Revenue’s ‘Employers’ Guide to PAYE’ is also a useful source of information which explains your obligations regarding the taxation of your employees.
For expert Payroll services and support or Payroll Software training please contact us at McEvoy Craig