Common terms

Term

Definition

PAYE

Pay as you earn – income tax on employment income

PAYE system

The withholding tax collection system for payroll

PAYE Modernisation

The change to real time reporting of PAYE, PRSI, USC and LPT

PRSI

Pay related social insurance – social welfare contributions

USC

Universal Social Charge

LPT

Local Property Tax

SMART PAYE

Key design principles of the PAYE Modernisation project. An acronym designed by Revenue.

TCA

Taxes Consolidation Act 1997.

 RPN Revenue Payroll Notification.  Will provide details of the employee's tax credits and standard rate cut off point.  
 List of Employees Revenue are requesting certain details of all employees from all employers.  The request is by way of a banner on the employer's ROS homepage.  
 Customer Service Visits Revenue are contacting employers, mainly those with 5 or less employees to arrange a visit from Revenue to discuss the project and inform the employer of their obligations under the new real time reporting regime from 1 January 2019.  
 PAYE Helpdesk  Revenue's dedicated service for queries on the project.  payemodernisation@revenue.ie