Employers PAYE & PRSI

Revenue’s real time PAYE Modernisation system will be introduced from 1st January 2019. Currently, an employer is obliged to calculate the tax deductions required from a salary payment to an employee. These deductions are usually based on the tax credit certificate (PC2) issued by Revenue to the Employer before the start of the year. In the absence of the issue of the PC2, the employer will operate the Emergency system.

With the introduction of the new Modernisation System, the employer will be obliged to request instructions on ROS for each and every payment to every employee before any payment can be made. While this will no doubt streamline and improve the PAYE System from Revenue’s point of view, it will inevitably lead to increased administration time and costs for the employer.

V Mullen & Co provide advice on the various tax consultancy issues that can face employers including redundancy payments, ex-gratia payments, retirement of employees, impact of pension lump sums, share schemes, benefits in kind and revenue audits.

We provide a payroll service using the latest software and taking a proactive view of your requirements.

The outsourced payroll service includes: