Upcoming Budget Changes – Budget 2012
After a meeting with Revenue earlier this week, updating of the EuroPayX and PayDay payroll software is proceeding. Incorporating all the amendments due to the change in the calculation of Universal Social Charge to cumulative basis from week one. This not only means changes to the calculation of Universal Social Charge but also to the following:
P60 will now show Universal Social Charge details, negating the requirement to produce a year end USC certificate.
The P2C Tax Credit import is being modified to import the extra cumulative information for USC
P45’s will now also include USC cumulative information, also it will no longer be possible to […]