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PAYE Modernization

  • 09-06-2019 8:47pm
    #1
    cutesmart
    Registered Users, Registered Users 2 Posts: 17 ✭


    Hi,

    By my understanding of PAYE modernization, the difference between it and traditional way is:

    1. registration for leavers and starters: No more P45, so employer do not need register for starters. Starers simply need register themselves from " My Account" on ROS.
    Employers simply issue the last payslip to leavers, and no need issue P45 to leavers.

    2. Monthly fling: Employer still need file P30 each month. The new way is revenue release the monthly return before 5th, and employer just need to accept it, or decline it.

    3. No more documents such as P35, P60, P45

    4. Tax credit cert (P2C) is now called RPN, but they look the same.

    Are the above all the difference? Or anything else I missed?


Comments

  • #2
    Happy4all
    Closed Accounts Posts: 2,089 ✭✭✭Happy4all


    No more Ps


    P45s
    P60s
    P30s
    P35s

    all a thing of the past


  • #3
    mogilvie
    Registered Users, Registered Users 2 Posts: 87 ✭✭mogilvie


    There are a few other significant differences.

    1. Payslips submissions need to be sent to Revenue on or before the day of payment to the employee, for every pay run.
    2. The submission contains a lot more information that previously submitted on a P35.
    3. There is now the ability for payroll software to interact directly to Revenue API servers. This is much faster and more accurate than the previous method of downloading and uploading files to ROS

    Previously the P35 was a monthly summary of just the amount of tax deducted. Now each payslip submissions include additional info such as benefits, pensions, prsi weeks etc.

    Mark Ogilvie
    Parolla


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