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  • Gary Smith
  • October 14, 2018
  • 2 min read

PAYE Modernisation

Attention Employers!! From 1 January 2019, Revenue will be rolling out a new PAYE reporting system. From 2019 on Irish employers will be expected to report payroll information to revenue each time you pay an employee. As PAYE data will be submitted in real time it will eliminate the need to complete other payroll related forms such as P35, P30, P60 etc.

Key Dates

By the 31st October 2018 Revenue require that a list of all employees be sent to them. Please confirm your employees at this date and we will submit to revenue via ROS platform. From 1st January 2019 you will need to employee’s payroll information (pay, Income Tax, PRSI and USC) to Revenue when you issue their pay.

Software Solutions

The new process will be made easier with payroll software packages which will effectively link with revenue and do the reporting for you. Alternatively, it will be possible to log on to the Revenue Online System (ROS) to record your employee payroll information and send it to Revenue in accordance with the new requirements.

Revenue are heralding these changes as the most drastic since reform of the system since PAYE was introduced in 1960. They believe it will make time savings for employers as it will get rid of the need to submit several returns monthly returns to revenue. What is for sure is that it will mean that small and owner managed businesses will need to be more organised to ensure compliance as real time reporting will only be practical with the use of a software or the outsourcing of payroll to a third party provider.

Please get in touch if you require any more information on the changes. We do offer a payroll service to clients so will be happy to help and can advise you on the changes needed.

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