Revenue Update re P35 & Year End Documents

    An update from Revenue today, 21st August, explains the changes to Year End Documentation

    Employer P30 and P35 Returns

    Employers, agents and payroll practitioners should note that employers P30 and P35 Returns, for periods from 1st July 2013, have been amended as follows:

    P30

    • Separate field for USC (USC was previously included in PAYE figure) in addition to the existing PAYE and PRSI fields.
    • A new "LPT" field.

    P35 Declaration

    • Separate field for Universal Social Charge (USC was previously included in PAYE figure) in addition to the existing PAYE and PRSI fields.
    • New "Local Property Tax" field.

    P35L

    • New "Local Property Tax" field.
    • New field for negative USC amounts for individual employees

    LPT

    One of the payment options for LPT is by way of Deduction at Source by the property owner’s employer/pension provider. An instruction will issue to employers/pension providers to deduct LPT on employer tax credit certificates (P2C).

    Employers/pension providers who have not been issued with an instruction to deduct LPT on employer tax credit certificates (P2C) should declare nil for LPT on their P30 and P35 returns.

    Speak to one of our Payroll Consultants today for assistance with calculating your Payroll, P30's and P35 returns.  Call +353 (0)41 686 3000 or Request a Callback to have one of our team contact you directly.

     

     

    Topics: Blog

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