Auto-enrolment is a government-led program that automatically enrols eligible employees into a workplace pension scheme, ensuring they save for retirement. Employees contribute to the scheme, and their employers match these contributions, with the government providing additional top-ups. The new scheme, called MyFuture Fund, will launch in September 2025. The government aims to simplify the retirement savings process and increase participation … Read More
What is Pay Streaming? An Overview for Employers in Ireland
Pay streaming is a payroll practice where an employer divides an employee’s income into smaller, more frequent payments using third-party services, rather than issuing a single lump-sum payment. While this approach has benefits for employees who prefer regular cash flow, it comes with specific obligations for employers in Ireland that differ from practices in other countries. This blog will outline … Read More
Budget 2025 – Key Changes for Payroll
Budget 2025 has been viewed as a bumper budget, but what impact is it likely to have on employers and their employees? Below, we will outline the key changes for Payroll. Standard Rate Tax Bands The standard rate tax band (SRCOP) which is currently set at 20% will increase by €2000 to €44,000 meaning that employees can earn more at … Read More
Changes to Company Vehicle BIK for 2023
Update For 7th March 2023! A temporary 2023 change has been introduced for relief on OMV and the upper mileage band. These changes have been incorporated in the Parolla calculation process as of 8th March. 1st of January 2023 will see changes to company vehicle Benefit in Kind (BIK) calculations. These changes affect cars, vans and electric vehicles. Company Cars … Read More
Advanced Payments and Tax Implications in 2024
How to account for paid-in-advance holiday pay that spans two tax years.
2022 Revenue Payroll Notifications
New 2020 RPNs’ are available for download from Revenue.
Gender Reporting
Gender reporting is an upcoming requirement for companies to publish data on gender balance in pay scales across bands for all employees. In Europe women earn on average 14% less than men. The figure for Ireland in 2018 was 14.4%. The Gender Pay Gap Information Bill was published in 2019, but was delayed, and is now being redrafted for 2021. … Read More
Minimum Wage Increase February 2020
The minimum wage will increase on the 1st of February 2020 from €9.80 to €10.10. There will also be a corresponding increase in the Class A employers PRSI threshold.
Revenue Payroll Notification Update
The Revenue Payroll Notification is where Revenue publish the tax details for an employee. This blog posts covers some of the changes in this revenue payroll notification update. The RPN’s used to be called a P2C files, or employee tax certificates. They are possibly the most important piece of information that we download from Revenue. Each Employment of an individual … Read More
Revenue Hot Topics
Did you know that Revenue have a web page devoted to keeping you updated on common 2019 PAYE modernisation issues called Revenue Hot Topics? Search for the page here At the moment it covers issues such as: Duplicate Employments, reasons they may have been created and how to clean them up. Reasons why users may experience difficulties accessing ROS Reasons … Read More