It has been announced that to allow for an essential upgrade on Monday 30th July 2012, the following online Revenue services will be unavailable at the date and times listed. On Monday 30th July 2012: www.revenue.ie from 18:00 to 18:30 All ROS Business transactions (through revenue.ie) from 18:00 to 20:30 All PAYE Anytime transactions (through revenue.ie) from 18:00 to 20:30 All VRT/Transit transactions (through revenue.ie) from 18:00 to 20:30 All AEP customs transactions (through revenue.ie) from 18:00 to 20:30

The Minister for Social Protection has proposed the introduction of a Mandatory Sick Pay Scheme,  whereby the employer will be obliged to pay the equivalent of the State Sick Pay for the first 4 weeks of any sick leave for all employees. Its aim is to reduce the cost of funding Illness Benefit which is currently paid by the DSP to eligible employees while they are on sick leave.  An increase in employers PRSI has also been proposed. Both these measures will place a increased financial burden all employers but especially on smaller employers who currently do […]

Previously some Employers adjusted Cut-Offs by the amount of taxable illness benefit. From 1st January 2012 Employers must include the taxable Illness Benefit with the employee’s earnings and subject the taxable Illness Benefit to PAYE but no PRSI or USC applies. For further details on what this means for Irish payroll administrators click on the following link http://www.revenue.ie/en/business/paye/employer-notices/may-2012.pdf Revenue have already modified the 2012 P35 XML return file to show earnings inclusive of taxable Illness Benefit and a new dedicated field for taxable Illness Benefit. For payroll this means that illness benefit must now have a […]

It was announced Today that the Revenue Commissioners will collect the New Property Tax to be introduced next year which will replace the Household charge. It will be at least October before further details on property tax rates will be available. The unanswered question is, does this mean that the property tax will be deducted directly from the wages of PAYE employees?

Revenue has updated the Employers Guide to PAYE guide which can be downloaded from their website – http://www.revenue.ie/en/business/paye/guide/employers-guide-paye-calculation.html

The Minister for Finance Mr Noonan announced today that there would be €1 billion plus in tax increases in the next budget scheduled for the first week of December 2012. It has been previously stated in the Memorandum of Understanding on the EU-IMF-ECB bailout that these would come from: A lowering of personal income tax bands and credits. A reduction in private pension tax reliefs. A reduction in general tax expenditures. A increase in property tax. Mr Noonan also stated that the budget would be helped by a tax carryover from 2012.

Use the following links to download the latest update of EuroPayX to version 16.1h http://www.ardbrook.info/updates/europay/epxprog.zip and http://www.ardbrook.info/updates/epxdb.zip Before using the above links contact us for the Username and Password, and we will talk you through loading this update

Ulster Bank has failed to clear its transaction backlog and has indicated that it may be well into next week before it can do so.

The Minister for Social Protection Joan Burton has indicated in a speech at the weekend that she is in favour of increasing PRSI contributions for both employees and employers.

The problems Ulster Bank had processing transactions last week will continue into this week. Ulster Bank have stated that the backlog is now unlikely to be cleared before then end of the week.