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Revenue PAYE modernisation and accountancy software

  • 04-05-2018 12:02PM
    #1
    tandcapply
    Registered Users, Registered Users 2 Posts: 385 ✭✭


    Hi All,

    How likely are these upcoming changes give us a massive headache?
    See below:
    https://www.revenue.ie/en/employing-people/paye-modernisation/changes-from-1-jan-2019.aspx

    I'm hoping that the likes of Collsoft and etc will release a descent application for 2019 early enough so that we can get our heads around it.

    I own a small LTD company and have no appetite/time to learn completely new way of engaging with Revenue.


Comments

  • #2
    y0ssar1an22
    Registered Users, Registered Users 2, Paid Member Posts: 19,872 ✭✭✭✭y0ssar1an22


    revenue have been in talks with all payroll software providers to ensure the transition will be seamless, i doubt it will be.

    on a broader note, is there a reason for this? perhaps for the reason i'm going to outline....

    many directors use their company card for personal expenses, and when doing accounts they take directors fees to clear their loan account and pay all taxes due as part of p35. will this still be possible i wonder??


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,092 ✭✭✭dbran


    According to revenue, the rules which govern directors wages, bonus, 6 month rule, will not change. You will not be able to change the monthly returns but will need to amend the next period. it has been in place in the UK for a number of years and revenue are just going to copy them.

    The reason is to ensure that tax credits and srco are operated correctly by the employer by way of the revenue having real time data. In time I suspect it will just become part and parcel of running payroll. I dont think they are looking to start a confrontation with payroll providers or employers in general.

    dbran.


  • #4
    Seve OB
    Registered Users, Registered Users 2 Posts: 16,384 ✭✭✭✭Seve OB


    just got a call from sage
    sounds very confusing
    I thought I would have to do basically nothing as the software should take care of it, but from what they were saying, it sounds like it could be quite complicated


  • #5
    scheister
    Registered Users, Registered Users 2 Posts: 1,312 ✭✭✭scheister


    Seve OB wrote: »
    just got a call from sage
    sounds very confusing
    I thought I would have to do basically nothing as the software should take care of it, but from what they were saying, it sounds like it could be quite complicated

    im surprised if this is the case. if done right it should be no more complicated then uploading the current p30 to the revenue system


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