A new dawn: streamlining the PAYE system

One of the biggest changes to the PAYE system was implemented after Christmas, and accounting vendors are playing a big role in making sense of it.

20th January, 2019
Paraic Nolan, chief financial officer and product manager, Big Red Cloud/Book

The last few weeks have seen businesses around the country adapt to life under PAYE modernisation.

The change, which is the biggest one the PAYE system has experienced since it was introduced in 1960, is designed to help streamline tax payment and improve compliance among employers.

By wiring payroll directly to Revenue itself, the aim is that it will save the institution time and effort when dealing with taxes.

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