Saturday February 22, 2020

Modernisation is coming

PAYE Modernisation, a huge overhaul to the payroll and revenue reporting system, is coming next January and businesses should be prepared, writes Aoife Valentine

8th April, 2018
3
Marc O’Dwyer, chief executive of Big Red Book

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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