Since the 1st January 2019, employers are required to submit their payroll data to Revenue every time they perform a pay run – most importantly, this periodic submission needs to be received by Revenue ‘on or before’ payment is made to the employees.
This periodic submission of your payroll data to Revenue is known as the Payroll Submission Request (PSR).
Each PSR submitted will provide Revenue with periodic payroll information for each employee, including:
A key feature of the Payroll Submission Request is that it reports ‘this period only’ values to Revenue. From these periodic values, Revenue will then accumulate the totals from each periodic submission, thus removing the requirement for any end of year submission.
Thus from tax year 2019 and onwards, the annual P35 will no longer be required.
Each periodic PSR must be submitted to Revenue on or before the actual pay date.
‘Date paid’ in the context of PAYE modernisation is defined as the date on which the funds are made available.
Revenue provide the following guidance:
Please note: where a payday falls on a non- bank working day and employee payments are due, Revenue regards that day as payday. This occurs provided the funds are made available to the employee on the previous bank working day.
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