How to avoid PAYE Modernisation mistakes (Sponsored)

Feb 07, 2019

PAYE Modernisation is now fully operational and has brought many changes to the payroll process. Overall, it brings many benefits to all stakeholders involved - employers, employees and Revenue.

It is important that employers are aware of and understand their new real time reporting obligations. Revenue has strongly advised employers to review their payroll processes and systems to ensure that they meet the new PAYE Modernisation requirements.

Employers need to be aware that mistakes can be very costly. An employer is responsible for deducting the tax and paying over the liability to Revenue, so non-compliance will result in interest to be paid by the employer. Employers that fail to comply can expect Revenue intervention with non-compliance penalties and fines.

The current penalty regime includes a fixed penalty of €4,000 for each breach of the PAYE legislation. It also includes a fixed penalty of €3,000 imposed on the company secretary for each breach. These penalties can be imposed on a per-item basis, so if you are even a mid-sized employer, these penalties can build up.

PAYE Modernisation Guide 5Download Thesaurus Software’s free eBook for employers - Surviving PAYE Modernisation. In this guide, they discuss the key changes involved with PAYE Modernisation and what employers need to do to avoid non-compliance penalties from Revenue.

Download free guide



Interested in finding out more about PAYE Modernisation? Click here to book your place on one of their upcoming webinars.

BrightPay & PAYE Modernisation

BrightPay is created by Thesaurus Software - the number one payroll software provider in Ireland. BrightPay include full PAYE Modernisation functionality at no extra cost. They have worked closely with Revenue to ensure that the software is fully compliant.

BrightPay won the Payroll Software of the Year 2018 award at this year’s Accounting Excellence awards. Their products are used to process the payroll for over 200,000 business across Ireland and the UK.

Book a BrightPay demo Download 60 day free trial

This article is sponsored by Thesaurus Software.