PAYE Modernisation is the most significant change ever to happen to the Irish PAYE system. The new legislation will be a big change for all employers, especially those with little payroll experience. With the added workload required to process PAYE Modernisation, it is important that all employers prepare for PAYE Modernisation. From the very beginning of the year, employers must be ready to start reporting their payroll information to Revenue in real-time.
As software products will be capable of directly and electronically communicating with Revenue, payroll software will alleviate the majority of the additional workload. However, employers who use manual systems should allow for additional processing time and expect increased reporting obligations. Those smaller employers who tend to make just one yearly submission (using a P35 Form) to Revenue will be significantly affected.
Thesaurus Software recently hosted a free, CPD accredited webinar to discuss what PAYE Modernisation is, how it will impact your payroll and how you can prepare for the January deadline.
Don't miss out - You can watch it here at any time:
This webinar took place on 13th November 2018.