PAYE Modernisation is now live - but how do I comply? (Sponsored)

Feb 01, 2019

By now, all employers in Ireland should know about Revenue’s new PAYE Modernisation legislation. This system came into effect on 1 January 2019 and brought with it a new and improved method of reporting PAYE information to Revenue.

PAYE Modernisation has brought many changes to the payroll process. With the new system, employers are required to send real-time payroll submissions to Revenue containing details of their employees’ PAYE information. These submissions must be sent to Revenue on or before the date an employee is paid every pay period. In most cases, this means a file will be submitted either weekly or monthly.

What happens if I don’t comply?

Non-compliant employers can expect Revenue intervention with non-compliance penalties and fines. An employer is responsible for deducting the tax and paying over the liability to Revenue. Non-compliance will result in interest to be paid by the employer.

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 5

Free eBook: Surviving PAYE Modernisation!

Download your free copy of the PAYE Modernisation guide for employers from Thesaurus Software. In this guide, they discuss practical PAYE Modernisation tips that every employer needs to know. Make sure you avoid fines for non-compliance.  

Download free guide


Find out more with their free PAYE Modernisation webinars

Revenue has teamed up with Thesaurus Software for a series of free PAYE Modernisation webinars. During the webinars, they will look at what has happened since PAYE Modernisation has gone live and what challenges businesses are facing. Click here to book your place on one of their upcoming webinars.

View upcoming webinars

Thesaurus Software & PAYE Modernisation

Thesaurus Software is the number one payroll software provider in Ireland with two different payroll packages to choose from - Thesaurus Payroll Manager and BrightPay. Both systems include full PAYE Modernisation functionality at no extra cost. Thesaurus Software have worked closely with Revenue to ensure that both systems are fully compliant.

Our products are used to process the payroll for over 125,000 business across Ireland and the UK. BrightPay won the Payroll Software of the Year 2018 award at this year’s Accounting Excellence awards. With a 99% customer satisfaction rate, their customers can rest assured that all required functionality is catered for.

They have made it easier than ever before to switch to BrightPay or Thesaurus Payroll Manager. You can import your payroll data from Sage, Collsoft, Big Red Book, and many others in a matter of minutes.

Book a BrightPay demo | Thesaurus Payroll Manager demo

This article is sponsored by Thesaurus Software.