If you are an employer whose total PAYE and PRSI payments for the year are €30,000 or less, you will be able to return their PAYE and PRSI payments on a quarterly, rather than monthly basis.
The Revenue will issue a PAYE/PRSI return (form P30) relevant to the filing arrangement to each eligible employer specifying the due date for the filing and payment.
If you find the quarterly payment to be to dfficult to meet, you can ask to be restored to the monthly return.
Contact us for assistance tax@fixmytax.com Under the principal arrangements the PAYE (total tax deducted) and the PRSI (total contributions deducted from pay plus the amount payable by the employer) are required to be sent to the Collector-General between 1st and 14th of the next calendar month following the payroll month in which the deductions were made. An extension to the 23rd is given for taxpayers filing their returns on line via ROS.
Each month a Form P30 with a combined Bank Giro and Payslip is issued by the Collector-General on which the Employer's name, address, registration number and the relevant month are computer printed to facilitate the payment being made.
Where there is no PAYE/PRSI liability for a particular month, the Form P30 is returned marked Nil. The Form P35, the form on which the employer declares the overall amount of PAYE/PRSI deducted from his/her employees during the tax year, must be returned before 15 February in order to avoid penalties for late filing. P35 Year | Filing Date | 2008 | 15th February 2009 | 2009 | 15th February 2010 | 2010 | 15th February 2011 |
The balancing payment must not exceed 10% if you wish to avoid interest for late payments.
If you require more information please consult your tax advisor or email us at tax@fixmytax.com. |
