If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Problem with Income Levy calculations in Thesaurus Payroll software

Dogwithabone · 2010-11-23 09:48:32

I've been advised that there is an error in the calculation of the Income Levy on the Thesaurus Payroll software. It has affected one of our employees and is a relatively small amount but there may be other cases out there so I thought I'd bring it to people's attention. According to the Revenue Commissioners employers…

23-11-2010 9:48am

#1

Dogwithabone

Closed Accounts Posts: 7 ✭

Join Date: January 2009

Posts: 6

I've been advised that there is an error in the calculation of the Income Levy on the Thesaurus Payroll software. It has affected one of our employees and is a relatively small amount but there may be other cases out there so I thought I'd bring it to people's attention.

According to the Revenue Commissioners employers must calculate Income Levy on a week-one/month-one basis, irrespective of cumulative earnings for the year to date. The situation we had was an employee who had been full time with us and whose cumulative earnings had exceeded €15,028 who then moved to part time work. Even though his monthly wages were below the Income Levy threshold for the month Thesaurus was still applying the 2% levy.

Our accountant contacted Thesaurus and was told that these were the instructions they had received from Revenue but they've yet to produce a copy of those instructions. Our accountant also contacted the Revenue employer help desk who confirmed in writing that employers should not look at cumulative earnings in calculating the Income Levy and that if any underpayment arose that it was up to the Revenue and not the employer to collect it.

We haven't tried it out but apparently this error on Thesaurus will also effect those whose earnings have gone over the €75K threshold who will be hit with the 4% levy irrespective of the amount they earn for the week/month.

Our accountant has asked Thesaurus to provide a patch or upgrade but as it's so close to the end of the year they probably won't do much about it but I'll post up here if there's any update.

0