From January 1, 2019, PAYE Modernisation, the new system of real-time employee tax reporting, will come into play. At a breakfast organised by the Chartered Institute of Management Accountants, Niall Cody, chairman of the Revenue Commissioners, described this new system as the biggest shake-up in the State’s tax system since the introduction of self-assessment in the late 1980s.
PAYE Modernisation will eradicate the P30, P35, P45 and P60 tax forms from the system and in...
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