EuroPayX – Irish Language P60’s
EuroPayX irish payroll package has now improved its support for the Irish language by including Irish Language versions of the P60 and Levy cert prints. This complements our already available Irish language payslip stationery. We would be insterested to hear any suggestions as to how to improve the Irish language support within EuroPayX, you can do so by making comments or by emailing us @ info@ardbrook.ie
New Programme for Government
The programme for government of the new Fine Gael / Labour government has been published and contains some proposals that will effect taxation
Maintenance of Ireland’s 12.5% corporation tax rate
No increase in the standard 10.75% rate of Employers’ PRSI, and a reduction of 50% of the lower 8.5% rate up to the end of 2013 on jobs paying up to €356 per week
No further changes to income tax rates, bands or credits, and a review of the USC
Property tax reliefs and other shelters which benefit very high income earners will be reduced, capped or abolished
An acceptance of the EU/IMF bailout conditions for at […]
Ardbrook Website given a Facelift!
Ardbrook’s website http://ardbrook.ie/ has been given a facelift! This, we hope, will make it easier to locate infomation regarding our irish payroll products and our electronic payments software. So if you find any problems on the new website, just post a comment below so that it can be corrected.
Changes to the operation of Relevant Contracts Tax (RCT)
On Budget day, 7 December 2010, the Minister for Finance announced that significant reforms would be made to the Relevant Contracts Tax (RCT) scheme to enhance its effectiveness, reduce opportunities for fraud and help decrease the administrative burden for businesses and Revenue. The Finance Act (enacted on 6 February 2011) gives a legislative base to the reform of the RCT scheme. The provisions are contained in Section 20 of the Act. In essence, the Finance Act amends the Taxes Consolidation Act in Chapter 2 of Part 18 by inserting twenty-two new sections after Section 530. These sections comprise a […]
Mini Budget in June?
It has been announced by Fine Gael one of the parties likely to form the next government after the general election on Friday 25th February, that it will be introducing a “Jobs Bill” within a 100 days of taking office. This “Jobs Bill” may include their plan to reduce the 8.5% employer PRSI rate by half, this change may required changes to Payroll systems
EuroPayX – Attach documents to Employee Records
In our EuroPayX irish payroll product it is now possible to link related documents to an employees record. These documents can be in any format such as word, excel or pdf, they can even be scanned from source material enabling you to access an employees complete record from within your payroll software.
To link a document to an employee call up the employees record in the employee window and click on the HR tab. Then click the add document to select the document file to be linked to the employee. It is possible to display any document by double-clicking […]
Universal Social Charge (USC) Amendment
As a result of the recent enactment of the 2011 Finance Act, there has been a significant change to the USC For an individual holding a current Full Medical Card the maximum rate of USC is now 4% instead of the previous 7%. The employer must satisfy themselves that the employee hold such a card before implementing the change. This change is backdated to 1 January 2011.
In cases where an employee holds a current Full Medical Card, and have paid USC at the 7% rate, that employee is entitled to a full refund immediately rather than waiting until the […]
Special Contributors to PRSI
Following consultations between the Revenue Commissioners and the Department of Social Protection (http://www.welfare.ie/EN/Topics/PRSI/Pages/specindex.aspx), it has been decided that PRSI should be returned through normal P30/P35 procedures in cases subject to PAYE Exclusion Orders. Heretofore, PRSI for these employees were remitted separately to the Special Collections Section in Waterford.
This change will simplify the current arrangements where employers must account for PRSI through the Special Collections System and for the Universal Social Charge through the P35 system.
This change is effective from the 2011 year.
The P30 screen within EuroPayX, […]
P35 Refunds and P35 Amendments
P35 Refunds
To avoid delays in the processing of refunds that arise from the end of year P35 paper returns, taxpayers and their agents should note that:
A P35 refund can only be processed on the receipt of a valid claim. A valid claim should be made by entering the refund amount on the P35 declaration (line E) or by sending a claim to Revenue in writing for the amount of the refund due.
If line E on the P35 declaration is not completed where the declared liability is less than the amount paid, Revenue will not accept that a valid […]
New changes proposed to USC
The minister for finance Mr Brian Lenihan has said that he will introduce the following changes to the implementation of the Universal Social Charge
Medical card holders will not have to pay USC at the top 7% rate only at the lower rates
The self-employed will pay an extra 3% surcharge on earnings over €100,000.00
We will post further details as they become available.